Equities - rates, eligibility, availability of relief etc. - Portugal

14.06.2019

Withholding Tax

Standard rate of withholding tax:35%Holding requirements / restrictions:No

Availability of relief

The type of tax relief (full/partial) varies according to the residence and status of the final beneficial owner, as follows:

Click on the image to view the diagram showing the availability of relief at source and/or quick reclaim of withholding tax on income from Portuguese equities.

Eligible beneficial owners

Relief at source

Quick Refund

Standard Refund

Residents of a Double Taxation Treaty (DTT) country

Yes

Yes

Yes

EU/EEA pension funds

Yes

No

No

Non-residents of Portugal recognised as tax-exempt under Portuguese legislation (including Central banks and government agencies, International/Supranational organisations recognised by Portuguese law)

Yes

Yes

No

Portuguese residents eligible for tax exemption

Yes

Yes

No

Relief at source of withholding tax is available only if the appropriate documentation is submitted to Clearstream Banking.

A quick refund is available if a relief at source has not been obtained by the eligible beneficial owner, except for EU/EEA pension funds.

A partial standard refund is available if relief at source or quick refund has not been obtained by a beneficial owner that is a resident of a DTT country. The customer can reclaim withholding tax on behalf of the beneficial owner through Clearstream Banking by submitting the appropriate documentation.

A full standard refund is not available through Clearstream Banking.