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PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE
EPISODE 02
PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE
EPISODE 02
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
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...
DAILYFLIGHTS
T
O
MAJOR CITIES ARRO
UND
THEWORLD
DAILYFLIGHTS
T
O
MAJOR CITIES ARRO
UND
THEWORLD
POLICEPOLICE
ONEOFTHE
SAFIEST COUNTRIES
I
N
THEWORLD
ONEOFTHE
SAFIEST COUNTRIES
I
N
THEWORLD
VERY
GOOD OPPORTUNITIE
S
TO
INVEST
VERY
GOOD OPPORTUNITIE
S
TO
INVEST
HIGHQUA
LITY HEALTH CARE FA
CILITIES
HIGHQUA
LITY HEALTH CARE FA
CILITIES
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
STORESTORE
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
...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.
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
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.
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
PERSONAL
INCOME TAX
PERSONAL
INCOME TAX
MUNICIPAL PROPERTY
TRANSFER TAX
MUNICIPAL PROPERTY
TRANSFER TAX
MUNICIPAL
PROPERTY TAX
MUNICIPAL
PROPERTY TAX
VALUEADDED TAX
VALUEADDED TAX
CORPORATE
INCOME TAXCORPORATE
INCOME TAX
HOWEVER, HE’S NOT QUITE SURE ABOUT THE PORTUGUESE TAX
RULES AND BENEFITS.
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
PERSONAL INCOME TAX
(IRS)
PERSONAL INCOME TAX
(IRS)
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
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/
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
CORPORATE INCOME TAX
(IRC)
CORPORATE INCOME TAX
(IRC)
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.
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
MUNICIPAL PROPERTY TAX
(IMI)
MUNICIPAL PROPERTY TAX
(IMI)
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
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)
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
MUNICIPAL PROPERTY TRANSFER TAX
(IMT)
MUNICIPAL PROPERTY TRANSFER TAX
(IMT)
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
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)
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
VALUE ADDED TAX
(VAT)
VALUE ADDED TAX
(VAT)
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
VAT RATES APPLIABLE IN THE MAINLAND ARE 23% (STANDARD),
13% (INTERMEDIATE) AND 6% (REDUCED).
23% - STANDARD RATE
13% - INTERMEDIATE RATE
6% - REDUCED RATE
PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE
EPISODE 02
PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE
EPISODE 02
UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT

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Investing in Portugal - Portuguese Tax System at a Glance [Episode 02]

  • 1. PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE EPISODE 02 PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE EPISODE 02 UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 2. 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... DAILYFLIGHTS T O MAJOR CITIES ARRO UND THEWORLD DAILYFLIGHTS T O MAJOR CITIES ARRO UND THEWORLD POLICEPOLICE ONEOFTHE SAFIEST COUNTRIES I N THEWORLD ONEOFTHE SAFIEST COUNTRIES I N THEWORLD VERY GOOD OPPORTUNITIE S TO INVEST VERY GOOD OPPORTUNITIE S TO INVEST HIGHQUA LITY HEALTH CARE FA CILITIES HIGHQUA LITY HEALTH CARE FA CILITIES UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 3. STORESTORE UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT ...HE IS REALLY CONSIDERING THE POSSIBILITY TO SET A COMPANY IN PORTUGAL. ...HE IS REALLY CONSIDERING THE POSSIBILITY TO SET A COMPANY IN PORTUGAL.
  • 4. BUT FIRST, IT’S VERY IMPORTANT TO CLARIFY CERTAIN RULES. BUT FIRST, IT’S VERY IMPORTANT TO CLARIFY CERTAIN RULES. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 5. 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. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 6. PERSONAL INCOME TAX PERSONAL INCOME TAX MUNICIPAL PROPERTY TRANSFER TAX MUNICIPAL PROPERTY TRANSFER TAX MUNICIPAL PROPERTY TAX MUNICIPAL PROPERTY TAX VALUEADDED TAX VALUEADDED TAX CORPORATE INCOME TAXCORPORATE INCOME TAX HOWEVER, HE’S NOT QUITE SURE ABOUT THE PORTUGUESE TAX RULES AND BENEFITS. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 7. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT PERSONAL INCOME TAX (IRS) PERSONAL INCOME TAX (IRS)
  • 8. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT 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)
  • 9. 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/ UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 10. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT CORPORATE INCOME TAX (IRC) CORPORATE INCOME TAX (IRC)
  • 11. 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. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT
  • 12. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT MUNICIPAL PROPERTY TAX (IMI) MUNICIPAL PROPERTY TAX (IMI)
  • 13. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT 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)
  • 14. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT MUNICIPAL PROPERTY TRANSFER TAX (IMT) MUNICIPAL PROPERTY TRANSFER TAX (IMT)
  • 15. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT 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)
  • 16. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT VALUE ADDED TAX (VAT) VALUE ADDED TAX (VAT)
  • 17. UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT VAT RATES APPLIABLE IN THE MAINLAND ARE 23% (STANDARD), 13% (INTERMEDIATE) AND 6% (REDUCED). 23% - STANDARD RATE 13% - INTERMEDIATE RATE 6% - REDUCED RATE
  • 18. PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE EPISODE 02 PORTUGUESE TAX SYSTEMAT A GLANCEINVESTING IN PORTUGAL - COMPLETE GUIDE EPISODE 02 UWU SOLUTIONS | WWW.UWU.PT | COMERCIAL@UWU.PT