Portugal: Municipal surtax rates applicable to 2023 taxable income
Portugal -
The Portuguese Tax Authority disclosed already the municipal surcharge rates to be applied in 2023 fiscal year by Corporate Income Tax taxpayers.
These rates are listed in Circular Letter no. 20264, of 05 February 2024.
We remind that these rates are annually approved by each municipality.
We also remember that the municipal surtax should be assessed and paid by the taxpayer through the submission of corresponding Corporate Income Tax (IRC) return (so-called Modelo 22). Regarding 2023 fiscal year, this return should be submitted by the end of May of 2024 (when the fiscal year is equal to the calendar year) or up to the end of the 5th month following the end of the fiscal year (when different from the calendar year).
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