Madeira: Personal Taxation
This page was last updated on 12 Oct 2018.
Stamp duty is levied on various transactions in Madeira, the most important of which are:
- banking transactions at 3 or 4% of the amount
- documents connected with loans, debt etc. at 0.5% of the amount
- bills of exchange at 0.5% of the amount
Municipal property transfer tax applies to sales of property and is payable by the purchaser at the rate of 10%. There are a number of exemptions, including urban residential properties below certain threshold values, and the acquisition of land for residential construction.
Companies established in the Madeira International Business Centre are exempt from stamp duty until the end of 2020.