Who needs to pay taxes in Portugal? What is Portugal's tax policy?

It is necessary for overseas people to know the local tax situation after they immigrate to Portugal. Portugal's tax system consists of national tax and local tax, which is usually calculated according to expenditure, income and property ownership. People live in Portugal, and eligible residents need to pay taxes in Portugal, such as personal income tax, goods and services tax, etc. , depending on the actual situation. Who needs to pay taxes in Portugal? What is Portugal's tax policy? Let's take a look next.

Who needs to pay taxes in Portugal? Not all immigrants need to pay taxes in Portugal. If foreigners live in Portugal for 183 days or more in a year, immigrants will be regarded as residents and need to pay global income tax. If the overseas immigrant lives in Portugal for less than 183 days, the immigrant only needs to pay the income earned in Portugal. Like China, the income tax rate of Portuguese residents is increasing, which means that the more people earn, the more they get.

What is Portugal's tax policy? Goods and services tax

Divided into three charging frequency bands:

General tax rate: 23% of taxable goods and services;

Intermediate tax rate: 13% catering goods and services.

Tax reduction or exemption: 6% for some daily necessities, including some books, newspapers, some foods (such as meat, fruits, vegetables and grains), medicines, transportation and hotel accommodation.

Federal tax

Portugal's federal taxes include income tax on the income of self-employed individuals and employees, corporate tax and value-added tax on related enterprises, inheritance tax on inheritance and capital gains tax on the sale of property and other assets.

local tax

Portugal has collected some taxes. The most important thing is IMI, which is the municipal tax. IMI is generally collected by the municipal government according to the value of the applicant's house and the situation in the area where he lives. IMI only applies to homeowners, so tenants can be exempted. In Portugal, the income from IMI can be used to pay for house maintenance, including services such as garbage collection and recycling.

Wealth tax

As the owner of Portugal, the applicant must pay the Portuguese version of IMI municipal tax. Each city has its own tax rate, which is decided by the city Council. IMI varies from region to region, generally ranging from 0.3% to 0.45% of the value of urban housing. In rural areas, it can be as high as 0.8%. Homeowners whose urban property value is less than125,000 euros can enjoy three-year IMI tax exemption as long as they live in the property.

corporate tax

Portuguese enterprises pay corporate tax at a flat rate of 265,438+0% of any taxable profit. According to local policies, the local municipal surcharge can be up to 1.5%, and the additional expenses with profits exceeding 1.5 million euros. Small and medium-sized companies can pay the corporate tax rate of 17% for the first taxable profit of 15000 euros, which can be said to be reasonable. Small enterprises with an annual turnover of less than 200,000 euros can pay business tax. Based on the actual situation.