According to the State Budget for 2024 and as is customary, the progressive tax brackets have been updated.
For the current IRS season concerning the 2024 tax year, which must be prepared and submitted between April and June 2025, please find below the updated list of tax brackets in Portugal.
Additionally, for capital income such as interest, dividends, rental income*, among others, there is the option of taxation at a flat rate of 28%.
*Habitation rental income continues to be taxed either at progressive rates or at a flat rate of 25%.
Consideration: For capital income originating from countries classified as “tax havens,” taxation is applied at a flat rate of 35%.
For more information on this topic, please don’t hesitate to contact us.
