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Madeira: Domestic Corporate Taxation

Scope of Income Tax

Madeira (as part of Portugal, whose legislation applies in Madeira) imposes corporate income tax on the world-wide income of companies resident in the country, and on the Portuguese-generated income of the permanent establishments of foreign companies.

A company is considered to be resident if it has its head office, or its effective centre of management, on Portuguese territory. A permanent establishment is considered to be created when employees or agents are active, or a fixed installation or permanent representation exists, for more than 120 days in any 12-month period.



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