Income Tax in 🇵🇹 Portugal

Tax brackets, effective rates, and net income calculations. Data from official government sources.

The Taxation Score of 34/100 highlights a substantial tax burden, with tax revenue at 34.8% of GDP, a corporate rate of 21%, and a VAT of 23%. The progressive tax brackets, ranging from 13% to 48%, mean that higher earners face considerable deductions from their median salary of $28,456 USD/year. Understanding these rates, especially the 1100% social contributions, is crucial for financial planning, as take-home pay can be significantly impacted.