The Corporate Tax Rate in Portugal stands at 21 percent.

Corporate Tax Rate in Portugal averaged 34.67 percent from 1981 until 2020, reaching an all time high of 55.10 percent in 1983 and a record low of 21 percent in 2015. This page provides - Portugal Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Corporate Tax Rate - values, historical data and charts - was last updated on October of 2020.

Corporate Tax Rate in Portugal is expected to reach 21.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Corporate Tax Rate is projected to trend around 21.00 percent in 2021, according to our econometric models.

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Portugal Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
21.00 21.00 55.10 21.00 1981 - 2020 percent Yearly

Portugal Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 21.00 21.00 55.10 21.00 percent [+]
Personal Income Tax Rate 48.00 48.00 48.00 40.00 percent [+]
Sales Tax Rate 23.00 23.00 23.00 17.00 percent [+]
Social Security Rate 34.75 34.75 35.50 10.50 percent [+]
Social Security Rate For Companies 23.75 23.75 24.50 23.75 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 10.50 percent [+]

Portugal Corporate Tax Rate
In Portugal, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Portugal.