The tax rate over personal income in 2015 (tax return 2016) was the following:To explain how to calculate the Portuguese personal income tax, I’m going to give you the example of a single person, without children, that earns 1500 € monthly of gross salary as an employee.In Portugal, salary is multiplied by 14 months (the 12 months in the year, the holiday pay and the Christmas bonus, each equivalent to another salary). So, whoever earns In Portugal, the personal income tax is deducted at source, which means that of the Presently, the Portuguese state offers to all the foreign retirees who have worked for the private sector and live in the country, To benefit from this tax exemption and apply for the non-regular resident status, you must live in Portugal at least 183 days per year and not having lived in the country in the previous five years.To avoid problems with your home country’s tax office, you should not have any tax residence, preferably you should sell your house or vacate the place you were living in if it was a rental.Presently, a Portuguese retiree earning a pension of As you have seen, the tax rate in Portugal is much higher than in other countries (For a retiree, non-regular resident, the standard of life will be even higher thanks to the Tiago, 32 years old, Parisian for 18 years, I decided to go on an adventure and make my dream come true: get to know our country from one end to the other. I believe that if we don’t know our origins we don’t truly know ourselves. http://www.ricardomcarvalho.pt/blog/como-funciona-o-irs/ In this article I’m going to talk about taxes in Portugal, more specifically about the personal income tax (IRS) and how much Portuguese employees and retirees deduct in comparison to British and American realities.In Portugal, salary is multiplied by 14 months (the 12 months in the year, the holiday pay and the Christmas bonus, each equivalent to another salary). So, whoever …
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portugal income tax calculator 2019