Post on 14-Apr-2017
PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE
EPISODE 02
PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE
EPISODE 02
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NOW THAT JAMES KNOWS THAT PORTUGAL IS A PRIME LOCATION TO INVEST, DO BUSINESS AND LIVE...
NOW THAT JAMES KNOWS THAT PORTUGAL IS A PRIME LOCATION TO INVEST, DO BUSINESS AND LIVE...
DAIL
Y FL
IGHTS TO MAJOR CITIES ARROUND THE W
ORLDDA
ILY
FLIG
HTS TO MAJOR CITIES ARROUND THE WO
RLD POLICEPOLICE
ON
E OF
THE SAFIEST COUNTRIES IN THE W
ORLD
ON
E OF
THE SAFIEST COUNTRIES IN THE W
ORLD
VERY GOOD OPPORTUNITIES TO INVEST
VERY GOOD OPPORTUNITIES TO INVEST
HIG
H QUALITY HEALTH CARE FACILITIES
HIG
H QUALITY HEALTH CARE FACILITIES
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STORESTORE
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...HE IS REALLY CONSIDERING THE POSSIBILITY TO SET A COMPANY IN PORTUGAL.
...HE IS REALLY CONSIDERING THE POSSIBILITY TO SET A COMPANY IN PORTUGAL.
BUT FIRST, IT’S VERY IMPORTANT TO CLARIFY CERTAIN RULES.
BUT FIRST, IT’S VERY IMPORTANT TO CLARIFY CERTAIN RULES.
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IT SEEMS THAT HE COULD TAKE SOME TAX ADVANTAGES BY DEVELOPING HIS BUSINESS IN PORTUGAL.
IT SEEMS THAT HE COULD TAKE SOME TAX ADVANTAGES BY DEVELOPING HIS BUSINESS IN PORTUGAL.
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PERSONAL INCOME TAX
PERSONAL INCOME TAX
MUNICIPAL PROPERTY
TRANSFER TAX MUNICIPAL PROPERTY
TRANSFER TAX
MUNICIPAL PROPERTY TAX
MUNICIPAL PROPERTY TAX
VALUE ADDED TAX
VALUE ADDED TAX
CORPORATE
INCOME TAX CORPORATE
INCOME TAX
HOWEVER, HE’S NOT QUITE SURE ABOUT THE PORTUGUESE TAX RULES AND BENEFITS.
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RESIDENT INDIVIDUALS ARE LIABLE TO IRS ON THEIR WORLDWIDE INCOME. IRS IS LEVIED ON RESIDENTS AT PROGRESSIVE RATES,
WHICH MAY VARY BETWEEN...
$14.5 %
$48 %
ACCORDING TO THE BRACKET OF TAXABLE INCOME
(IE, THE SUM OF THE VARIOUS CATEGORIES OF INCOME SUBJECT TO TAXATION NET FROM THE CORRESPONDING
DEDUCTIONS)
NOWADAYS THERE IS A SPECIAL REGIME FOR NON-HABITUAL TAX RESIDENT INDIVIDUALS. THIS REGIME CAN ALLOW SIGNIFICANT TAX SAVINGS IN PERSONAL INCOME TAX FOR PEOPLE THAT CHANGE ITS
RESIDENCE TO PORTUGAL.LEARN MORE AT: HTTP://NONHABITUALRESIDENTS.UWU.PT/
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STORESTORE
25% → 21%25% → 21%
THE STANDARD CORPORATE INCOME TAX RATE HAS DECREASED (FROM 25% IN 2013 TO 21% IN 2016). FURTHERMORE, SINCE 2014 THE FIRST
€15.000 OF PROFIT ARE TAXED AT 17% FOR SME'S.
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MUNICIPAL PROPERTY TAX (IMI)
MUNICIPAL PROPERTY TAX (IMI)
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IMI IS LEVIED OVER THE FISCAL VALUE OF REAL ESTATE LOCATED IN PORTUGAL. IT’S DUE BY THE LEGAL OWNER/USER OF THE
REAL ESTATE AND ASSESSED ON AN ANNUAL BASIS. IMI RATES ARE:
0,2 % TO 0,4 % RATE(IF THE VALUE OF THE URBAN PROPERTY
IS ASSESSED IN ACCORDANCE WITH THE IMI CODE)
0,4% TO 0,7% RATE (FOR URBAN PROPERTY)
8% RATE (FOR RURAL PROPERTY)
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MUNICIPAL PROPERTY TRANSFER TAX(IMT)
MUNICIPAL PROPERTY TRANSFER TAX(IMT)
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IMT IS LEVIED ON THE TRANSFER OF PROPERTY RIGHTS OVER REAL ESTATE LOCATED IN PORTUGAL, OR OTHER ACTS WHICH
PROVIDE SIMILAR ECONOMIC RESULTS. IMT IS ASSESSED:
UP TO A 8% RATE(ACQUISITIONS OF URBAN PROPERTY
EXCLUSIVELY INTENDED FOR DWELLING PURPOSES)
AT A 6,5% RATE (ACQUISITIONS OF OTHER
URBAN PROPERTY)
AT A 5% RATE (ACQUISITION OF RURAL PROPERTY)
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VAT RATES APPLIABLE IN THE MAINLAND ARE 23% (STANDARD), 13% (INTERMEDIATE) AND 6% (REDUCED).
23% - STANDARD RATE
13% - INTERMEDIATE RATE
6% - REDUCED RATE