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Portugal: Municipal surcharges rates of corporate income tax for FY2024

Circular Letter No. 20273 sets out the municipal surcharges rates of corporate income tax for fiscal year 2024. 

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February 27, 2025

The tax authority on January 22, 2025, issued Circular Letter No. 20273 setting out the municipal surcharges rates of corporate income tax for fiscal year 2024.

The surcharges rates range between 1.50% and 0%, depending on the municipality, and will apply to companies’ taxable profit for the 2024 tax year, in addition to the corporate income tax assessed.

Depending on the municipality, the companies may be subject to a general rate or benefit from reduced rates or exemptions, depending on the size of the company, local job creation and activity sector.


For more information, contact a KPMG tax professional in Portugal:

António Coelho | antoniocoelho@kpmg.com

Rui Martins | ruimartins@kpmg.com

Pedro Alves | pmalves@kpmg.com

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