CIT: Municipal Surcharge

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In addition to corporate income tax, municipalities may levy a municipal surcharge (“Derrama”). The rate of the municipal surcharge may go up to 1.5% - reduced rates may apply to companies with a turnover of less than € 150,000, with reference to the previous tax year.

When the Special Regime of Group Taxation applies, the municipal surcharge is levied on the taxable income assessed by each company part of the group.

The municipal surcharge is levied on the taxable profit of the year, before the deduction of tax losses.

For collection in 2013 with reference to the fiscal year of 2012, the municipal surcharges rates are the following:

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