International Tax

Business Operations in Portugal (Portfolio 977)

  • This Portfolio contains information to enable U.S. and other foreign investors to understand the commercial and tax law likely to be of concern to them when conducting their operations in Portugal.


The Portfolio analyzes in detail the statutory and procedural framework of foreign investments in Portugal, as well as the general aspects of corporate law that may help a foreign investor to choose the best investment structure.The Portfolio also provides a detailed analysis of the Portuguese income tax as it applies to individuals, corporations, and partnership-like entities. It also discusses the value added tax, stamp tax, real property transfer tax, real property tax, social security contributions and other taxes on transactions and services as well as local and regional taxes.

In addition to the discussion of Portugal’s tax treaties contained in the Detailed Analysis, a comparative table of the withholding rates provided for in the tax treaties is contained in the Worksheets, as is the text of the Portugal-United States tax treaty.

Table of Contents

I. Portugal — An Overview

II. Operating a Business in Portugal

III. Forms of Doing Business in Portugal

IV. Main Taxes

V. Taxation of Domestic Corporations

VI. Taxation of Nonresident Entities

VII. Taxation of Permanent Establishments

VIII. Taxation of Partnerships and Other Business Entities

IX. Taxation of Resident Individuals

X. Taxation of Nonresident Individuals

XI. Inheritance and Gift Tax

XII. Value Added Tax

XIII. Other Taxes on Transactions and Services and Local Taxes

XIV. Transfer Pricing

XV. Anti-abuse Provisions and Special Provisions Relating to Multinational Corporations

XVI. Avoidance of Double Taxation

XVII. Tax Procedures

Filipe Romão
Uría Menéndez - Proença De Carvalho
Miguel Agrellos
Founding Partner
Durham Agrellos
Marta Pontes
Uría Menéndez - Proença De Carvalho
António Castro Caldas
Uría Menéndez - Proença de Carvalho
Cláudia Reis Duarte
Uría Menéndez - Proença De Carvalho
Tiago Rodrigues
International Tax Manager
Tullow Oil
André Nascimento
Uría Menéndez - Proença de Carvalho
Joana Torres Ereio
Senior Associate
Uría Menéndez
Francisco Da Cunha Ferreira
Uría Menéndez