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Rental Income Tax - Portugal Compared to Continent


Footnote   |   Export

Sort: Alphabetically  | Ascending Rank  |  Descending Rank


Click name of country for detailed information


Switzerland 48.56%
Norway 27.67%
Portugal 26.44%
Austria 24.92%
Slovenia 22.50%
Finland 22.50%
Turkey 21.94%
Russia 20.00%
Estonia 20.00%
Spain 19.00%
Ukraine 18.00%
Italy 17.25%
Latvia 17.25%
Malta 15.00%
Serbia 15.00%
Netherlands 15.00%
Albania 15.00%
Poland 13.50%
Hungary 13.50%
Romania 12.00%
Ireland 10.05%
Bulgaria 10.00%
Iceland 10.00%
Moldova 10.00%
Bosnia & H. 10.00%
France 10.00%
Belarus 9.75%
Slovak Rep. 9.28%
Croatia 8.40%
Belgium 8.11%
Greece 7.50%
Andorra 7.50%
Luxembourg 7.02%
Czech Rep. 5.57%
Montenegro 5.40%
Macedonia 4.72%
Germany 2.71%
Lithuania 1.96%
Denmark 1.71%
Cyprus 0.00%
Liechtenstein 0.00%
UK 0.00%
Sweden 0.00%
Monaco 0.00%

 

 

Portugal: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

  • Gross rental income is /US$1,500/month
  • The property is personally directly owned jointly by husband and wife
  • Both owners are foreigners and non-residents
  • They have no other local income
  • There is no mortgage, i.e., no loan is taken for the purchase


In arriving at the pre-tax profit figure, we calculate, and deduct:

  • Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.


We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

Portugal releases the average value of bank evaluations on housing, through the Instituto Nacional de Estatistica. The Bank for International Settlements has mean value, in euro per square meter, of credit evaluations of all dwellings carried out by banks, which originally came from the Banco Portugal.

General economics statistics are available from Instituto Nacional de Estatistica and Banco Portugal.





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