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Personal Income <strong>Tax</strong> (PIT)<br />
<strong>Tax</strong>-Free Allowances for employees<br />
• Per diems:<br />
• Portugal<br />
• Abroad<br />
€69,19 / €50,20 per day<br />
€100,24 / €89,35 per day<br />
• Use of employee’s own car at the company’ service:<br />
€0.36 per Km<br />
• Meals:<br />
• Cash<br />
• Card or voucher<br />
€4,77 per day<br />
€7.63 per day<br />
Main tax deductions<br />
Employment Income<br />
• €4,104.00 or social security contributions, whichever is higher.<br />
• Termination indemnities payable by the employee to the<br />
company for missing the required notice period.<br />
• Union fees up to 1,5% of the gross employment income.<br />
Professional and business income<br />
• Activity related expenses, with some limitations, under the<br />
organized accounting regime<br />
• Notional deduction between 0% and 90%, depending on the<br />
nature of the activity and relationship with the customer,<br />
under the simplified regime (available for annual income not<br />
exceeding €200,000.00).<br />
4 <strong>Tax</strong> <strong>Guide</strong> <strong>2018</strong>
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