Portugal tax rates and
allowances 2009
| Income tax
Rates for the year ended 31st December 2009 |
||
| From (euro) | To (euro) | Tax rate % |
| 0 | 4,639 |
10.5 |
| 4,639 |
7,017 | 13 |
| 7,017 |
17,401 |
23.5 |
| 17,401 |
40,020 |
34 |
| 40,020 |
58,000 |
36.5 |
| 58,000 |
62,546 |
40 |
| 62,546 |
+ |
42 |
Capital gains and
investment income.
For residents, there is no special
tax rate for capital gains and investment income- the above rates
apply. For non-residents, capital gains on the sale of Portuguese
property are taxed at 15%.
| Allowable Depreciation The straight line method is used by default. The reducing balance method can be used for certain types of assets which have been purchased new. |
|
| Allowable rate % | |
| Administrative and commercial buildings, dwellings |
2 |
| Industrial buildings |
5 |
| Equipment and machinery |
12.5 - 20 |
| Computers |
33.3 |
| Light motor vehicles |
25 |
| Heavy motor vehicles (e.g. lorries/ trucks) |
20 |
| Furniture |
12.5 |