Individual Income Tax (“IRS”)
The Basics
What are the rates applicable?
IRS rates for 2011 vary according to the following brackets:
| Taxable income, in euros* |
Rates |
Deductions, in euros |
| Up to 4.898 |
11,5 % |
0 |
| More than 4.898 to 7.410 |
14 % |
122,45 |
| More than 7.410 to 18.375 |
25,5 % |
900,46 |
| More than 18.375 to 42.259 |
35,5 % |
2.921,81 |
| More than 42.259 to 61.244 |
38 % |
3.978,26 |
| More than 61.244 to 62.546 |
41,5 % |
6.121,95 |
| More than 62.546 to 153.300 |
43,5 % |
7.442,61 |
| Above 153.300 |
46,5 % |
12.041,72 |
* Taxable income will be sum of income less the deductions allowable in each IRS Categories.
The income arising in Portugal by non-residents is usually taxed at source and in some situations they will not have to submit a tax return in Portugal. See more on “Non-Residents Taxpayers”.
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