The Portuguese Tax Authorities published last month the official chart with all New Municipal Surcharge taxes foreseen by each Municipality, to be applicable to Companiesâ Taxable Profit of 2019, to be paid in 2020.
The Circulatory n.Âș 20218 foresees the general tax rates and also reduced tax rates (and even possible exemptions) that may benefit the taxpayers that gather the specific prerequisites as stated by each municipality.
With a top of 1,5% over the Companiesâ Taxable Profit subject and not exempt from CIT concerning FY2019, the minimum rate tends to be lower on Inland Municipalities.
That is the case of the Municipality of Elvas, Portalegre, with a tax rate up to a maximum of 0,4%.
As it concerns the Municipality of Lisbon, the general tax rate is fixed at 1,5%, although several exemptions are also foreseen (especially for companies with a turnover less than 150k âŹ, or companies incorporated within the last 3 years and that have hired and maintained at least 5 new workers, or even companies with a turnover less than 1.2M ⏠dedicated to some specific activities).
