Income tax in Portugal

Guest · Post by **Guest** » Fri Sep 30, 2005 8:58 am

Please can anyone tell me what is the different rates of tax in Portugal on earnings

Cheers

Taxonomy · Post by **Taxonomy** » Fri Sep 30, 2005 6:45 pm

I believe this was the 2004 situation. Don't have the update

12% to 4,266
14% 4,267-6,452
24% 6,453-15,997
34% 15,998-36,792
38% 36,793-53,322
40% 53,323 and over

DaveK · Post by **DaveK** » Fri Sep 30, 2005 8:48 pm

That , I am sure, is the position for 2004. I have no earned income in Portugal so I am not up to date with the 2005 position.

If employed don't forget Social Security taxes. The latest data I have on this relates to 2002 but I assume the system has not changed significantly
(please correct me if I am wrong). The amounts payable by both employee and employer depend on the employee's activity. In 2002 a 'normal employee' (which would cover most) paid 11% and the employer 23.75%. Costs for some others are lower, eg clergyman 4% and 8%, fisherman 10% and 0% respectively. Even profesional soccer players pay less than the average worker.

I wonder if they will ever get to simplify the system? After a visit to Portimao tax office three years ago I doubt it.

Guest · Post by **Guest** » Fri Sep 30, 2005 10:15 pm

In a nutshell then do the Portuguese pay less income tax than we do. I am talking say earnings of say £28k or say £12.5 k per person