Information about Portugal Minimum wage and taxes.

The minimum wage in Portugal has been determined as 665 Euros gross in 2021. The net amount of this fee is determined after taxes and other deductions. In Portugal, the tax system is applied at different rates depending on the amount and type of income. In general, income tax rates are determined as follows: - Income tax applied at rates ranging from

14.5% to 48% - Value added tax applied at 23% - Corporate tax applied at 28% In addition, social security premiums are paid by employees. These premiums are calculated on the gross salary and are also contributed by the employer. Premium rates may vary depending on the employee's age, income and social security system coverage. Minimum wage and tax rates in Portugal are updated every year, so it is important to obtain the most up-to-date information from official sources.

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