Taxes in Portugal
Reap the benefits of our comprehensive approaches that correspond with the Portuguese legal structures to ensure compliance with all regulations, minimize tax liabilities, and maximize the potential of domestic and global businesses in Portugal.
Our tax regulation solutions comprise tax optimization, tax consulting, bookkeeping, tax return, and tax registration.
Tax solutions in Portugal
The experts at company-portugal.com handle the preparation and submission of legal tax documents, as well as the management of tax payments to local officials. Expert tax managers can assist you in dealing with tax authorities, state welfare organizations, and insurance firms.
Tax optimization
With the assistance of competent taxation agents, you may meet your tax obligations by generating tax-related documents such as tax records, statements, and income estimates. Within the limits of what is authorized by regulations, the tax adviser can make the most of your budgetary circumstances.
Tax consultation
Tax consultants provide the greatest advice and ideas to help clients complete their tax returns. They answer customer questions, help them plan for anticipated tax concerns, and analyze data.
VAT registration
On your behalf, the professionals will file the VAT application and obtain the VAT permission. The professionals also present the paperwork that VAT officials require.
Bookkeeping
Expert bookkeepers can customize your financial reporting information record to your company’s specific needs. Keep track of bills and invoices, as well as all of your company’s financial transactions, with bookkeeping tools.
Applying for tax return
File for your tax return each year with the assistance of tax professionals. The tax department produces and files tax returns or examines tax records prepared by the tax authorities.
Register as a taxpayer
With the assistance of our tax professionals, you can enroll as a taxpayer and provide supporting information to the authorities, such as identification verification, proof of residency, and financial records. The consultants will also accompany you in meetings and interviews with the tax office if necessary.
System of taxes and fees in Portugal
Portugal’s taxation system aims to harmonize with local fiscal policies and international commitments, providing a systematic yet flexible approach to taxes. It may include a mix of flat rates, progressive brackets, and specific exemptions that mirror the nation’s economic goals and social aims. Grasping the complexities of these tax structures is crucial for maximizing financial results, maintaining compliance, and taking advantage of opportunities permitted by law.
Tax rates
The table below provides a list of some of the most prevalent tax types along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | Standard rate: 23% (Mainland), 22% (Madeira), 16% (Azores); Reduced rates: 6%, 13% (Mainland); 0%, 5%, 12% (Madeira); 0%, 4%, 9% (Azores) |
| Corporate income tax | 21% (standard rate), up to 31.5% (including surcharges) |
| Personal income tax | 13.25% – 48% |
| Dividend tax | 28% |
| Capital Gains tax | 28% |
| Property tax | 0.3% to 0.45% (urban property); 0.8% (rural property); 7.5% (if owned by entities in tax havens) |
| Inheritance tax | 10% (stamp duty) |
| International tax | 13.25% – 48% |
| Cryptocurrency tax | 28% (capital gains tax) |
Request bookkeeping solution
With professional accounting services, you can ensure that your company’s accounts are correctly examined and that you’re making the best business decisions possible. Expert auditors also assess sales, keep track of inventories, ensure that data entry accurately reflects actual corporate activity, and ensure that the organization follows federal regulations.
Bookkeeping
If you require competent bookkeeping advice and solutions, please request our bookkeeping solutions here:
Contact us
We are very attentive to your queries and learn more about your business ideas. Contact us for tax help from competent, knowledgeable, and trustworthy accountants today!
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