Personal Income Withholding Tax Tables

Personal Income Withholding Tax Tables

Order No. 785/2020, approved by the Portuguese Government, was published on 21 January, establishing the new Personal Income Withholding Tax tables in force to 2020, applicable to income from dependent work and pensions earned by individuals resident in the continent.

The new tables state that there is no withholding tax on income that does not exceed €659,00 per month. In 2019 the threshold was €654,00.

The Portuguese Tax Authority released the aforementioned tables through the Instruction No. 2/2020, published on 22 January, which can be found on this link.

Elsa Rodrigues

Elsa Rodrigues

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