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.

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Annual Rate (%)

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. 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 portugal irs 2024 result to inform your calculation.