CIT: Rates

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Portugal mainland Madeira Azores
Entities 2013 2013 2013
Resident entities and permanent establishment of non resident entities (1) (2)
25% 17.5%
Resident entities that do not carry out a commercial, industrial or agricultural activity as their main activity 21.5% 21.5% 15.05%
(1) A Municipal Surcharge, levied by the Municipal Authorities, may apply, at a maximum rate of 1.5% to the taxable profit before the deduction of tax losses (mainland maximum rate of 26.5%); the municipal surcharge has not been applied in Madeira.
(2) Additionally, a State Surtax may also apply.
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