Search results
Results from the WOW.Com Content Network
Flat tax of 20%. Flat tax of 16%. Any other job performed in Portugal. Normal progressive tax rates. Pensions. Foreign. Pension income obtained by non habitual residents abroad, which is, for the same portion which was considered taxable, not considered tax deductible in Portugal, is taxed at a 10% flat rate. Portugal.
Value added tax – the general VAT rate in Portugal is 23%, however, there are 3 types of VAT rates (normal, intermediate and reduced) which are different in mainland Portugal, Madeira and Azores. The VAT is levied on the purchase of almost all goods and services. [1] [2] Stamp duty – is a consumption tax.
The Portuguese Tax Code foresees aggravated withholding tax, 35% tax rate, on capital income (interests and dividends) deriving from black listed jurisdictions and an aggravated municipal property tax of 7% on property owned by entities located in said jurisdiction. Portugal's "blacklist" is defined by decree issued by the Minister of Finance ...
The tax regime for non-habitual residents (commonly known as NHR s or NHR Tax Regime), formally known as non-regular residents, was created with the approval of the Investment Tax Code, approved by Decree-Law n. 249/2009, of 23 September. It changed the rules of the Portuguese Personal Income Tax, by granting a set of tax exemptions and flat ...
These figures will shrink after income tax is applied. In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies. In some countries, social security, contributions for pensions, public schools, and health are included in these taxes.
The economic history of Portugal covers the development of the economy throughout the course of Portuguese history. It has its roots prior to nationality, when Roman occupation developed a thriving economy in Hispania, in the provinces of Lusitania and Gallaecia, as producers and exporters to the Roman Empire. This continued under the Visigoths ...
Ordem dos Técnicos Oficiais de Contas. Ordem dos Técnicos Oficiais de Contas (OTOC) runs an admittance examination every four months and everyone that passes it becomes a Técnico Oficial de Contas (TOC), the authorized tax and accountancy practitioner in Portugal. OTOC, which is the largest Portuguese professional body, with more than 75,000 ...
The economy's growth has been accompanied by a continuous fall in the unemployment rate (6.3% in the first quarter of 2019, compared with 13.9% registered in the end of 2014). The government budget deficit has also been reduced from 11.2% of GDP in 2010 to 0.5% in 2018.