ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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Portugal<br />
Tax <strong>policy</strong><br />
Carlos Lobo<br />
carlos.lobo@pt.<strong>ey</strong>.com<br />
+351 217 912 146<br />
Monica Costa<br />
monica.costa@pt.<strong>ey</strong>.com<br />
+351 217 912 024<br />
Tax controversy<br />
Carlos Lobo<br />
carlos.lobo@pt.<strong>ey</strong>.com<br />
+351 217 912 146<br />
Stay up to date with<br />
developments in Portugal<br />
by accessing EY's <strong>global</strong><br />
<strong>tax</strong> alert library at<br />
www.<strong>ey</strong>.com/<strong>tax</strong>alerts.<br />
EY k<strong>ey</strong> contacts<br />
1<br />
| Tax rates (2014–15)<br />
1.1 K<strong>ey</strong> <strong>tax</strong> rates<br />
Top corporate income<br />
<strong>tax</strong> (CIT) rate (national<br />
and local average, if<br />
applicable)<br />
Top individual income<br />
<strong>tax</strong> rate (national<br />
and local average, if<br />
applicable)<br />
Standard value-added<br />
<strong>tax</strong> (VAT) rate<br />
2014 <strong>2015</strong> Percentage<br />
change<br />
23% 21% (a reduced<br />
17% <strong>tax</strong> rate<br />
applies to the<br />
<br />
<br />
<strong>for</strong> small and<br />
medium-sized<br />
companies)<br />
A municipal<br />
surcharge is<br />
generally imposed<br />
on the <strong>tax</strong>able<br />
<br />
surcharge of 3%<br />
(i.e., where the<br />
<strong>tax</strong>able purpose<br />
is > €1,500,000<br />
and<br />
< €7,500,000)<br />
of 5% (i.e., on<br />
the <strong>tax</strong>able<br />
<br />
€7,500,000 and<br />
< €35,000,000)<br />
or of 7% (i.e.,<br />
on the <strong>tax</strong>able<br />
<br />
> €35,000,000)<br />
–8.7%<br />
56.5% 56.5% —<br />
23% 23% —<br />
Content provision date<br />
<br />
148 | The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong>
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