What are the 2024 IRS brackets in Portugal?

13.25% up to 7,703 EUR; 18% from 7,703-11,623; 23% from 11,623-16,472; 26% from 16,472-21,321; 32.75% from 21,321-27,146; 37% from 27,146-39,791; 43.5% from 39,791-51,997; 45% from 51,997-81,199; 48% above 81,199 EUR.

What is the NHR (Non-Habitual Resident) regime?

The original NHR gave foreign income exemptions or 20% flat rate for 10 years to new residents from 2009-2023. From 2024, replaced by IFICI (similar regime for specific professions). Existing NHRs maintain their status.

Young workers (aged 18-26, recently graduated or first employment) benefit from IRS Jovem: full exemption for the first year, then 75%, 50%, and 25% exemption on employment income in years 2-4 respectively.

How are capital gains taxed in Portugal?

Capital gains on securities: 28% flat rate (or progressive if beneficial). Real estate capital gains: 50% of gains added to income and taxed at marginal rates (residents). Non-residents: 28% flat.

What are the Portuguese social security contributions?

Employees: 11% of gross wage. Employers: 23.75%. Self-employed: 21.4% on 70% of income. TSU (contribution base includes overtime allowances). Annual declaration via segurancasocial.pt.

Portugal IRS Income Tax Calculator 2024

Calculate Portuguese IRS (Imposto sobre o Rendimento das Pessoas Singulares). Brackets 2024: 13.25% to 7,703 EUR rising to 48% above 81,199 EUR. Includes NHR regime option and IRS Jovem for young workers.

Use the full interactive calculator below, or

Portugal IRS Income Tax Calculator 2024

Frequently Asked Questions

What are the 2024 IRS brackets in Portugal?

What is the NHR (Non-Habitual Resident) regime?

What is IRS Jovem?

How are capital gains taxed in Portugal?

What are the Portuguese social security contributions?