Master this deck with 21 terms through effective study methods.
Generated from uploaded pdf
Aims to reduce inequalities and is progressive based on family needs and income.
Categories A (dependent work), B (business and professional income), E (capital income), F (property income), G (capital gains), H (pensions).
Residents are taxed on worldwide income; non-residents are taxed only on Portuguese income.
The minimum non-taxable income is set at €4,587.09.
It allows for tax calculation based on half the family income for joint taxation.
A 2.5% rate applies to income between €80,000 and €250,000; 5% for income above €250,000.
10% of health expenses, up to twice the IAS, can be deducted.
50% of the gains are taxable for residents; non-residents face a 28% tax.
Pensions are subject to the same progressive rates as other income.
They may be exempt if their income is below certain thresholds.
They are responsible for withholding and remitting taxes on behalf of the taxpayer.
Tax benefits decrease as income exceeds the threshold.
Calculate gross income, subtract specific deductions, determine taxable income, apply rates, and subtract withholdings.
Taxpayers may claim deductions for taxes paid abroad under certain conditions.
They outline the rules for withholding tax on various income types.
It introduced a unified and progressive tax system replacing previous tax structures.
Losses can be carried forward to offset future taxable income within specified limits.
Gains from crypto-assets held for over a year are exempt from taxation.
Dependents must meet age and income criteria to qualify for deductions.
Business income is generally taxed at a flat rate of 25% or 11.5% depending on the nature of the income.
They determine the withholding tax rates based on income and personal circumstances.