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Madeira: Domestic Corporate Taxation

Income Tax Rates

This page was last updated on 11 Oct 2018.

TThe rate of corporate income tax in Madeira (Portugal) was raised from 20% (since 2008) to 25% from 2012. There is also a state surcharge of 3% on taxable profits between €1.5 million and €7.5 million, rising to 5% on taxable profits above €7.5 million.

However, during the tax reforms of 2014, the corporate income tax rate was lowered again, to 23%. Moreover, there is a special 17% rate that applies to the first €15,000 of a small or medium enterprise’s taxable income.

See Offshore Legal and Tax Regimes for details of the lower tax rates applicable to companies in the Madeira Free Trade Zone, and Holding Companies.

 

 

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