Municipal surtax rates applicable to corporate income tax of 2020 published
On 16 February 2021, the Portuguese Tax Authorities published a circular in which the municipal surtax rates for each municipality were disclosed.
The surtax is a municipal tax levied on the taxable income of corporate income taxpayers.
This tax is levied by the Portuguese Tax Authorities and transferred to the Municipality in whose territory the income of the taxpayer was generated.
Click HERE to access the circular.
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[Photo by: Kelly Sikkema, available at unsplash.com]