jacer56

Is there a website that explains in details the rules for tax calculations in Portugal (like the HMRC website would do for the UK)?

In particular, I am looking to understand the exact share matching rules for Capital Gains tax calculation when selling stocks in a public company where several purchases have been made.

Any help much appreciated, thanks a lot!

RichardHenshall

I get pages of useful looking hits if I Google "mais valias acções" but none seem to be from AT, so don't necessarily provide the base information you seek.

Loafing Along

This article gives a good summary :

https://www.economias.pt/como-declar...valias-no-irs/

Separate part on Annex G Box 9 . 28% is automatic.

Ukkram

The FIFO method must be applied and stocks held for 1 plus years are taxed at 28% and those held for less will be taxed as income.
This tax is only payable to Portugal as it is a residency based tax.
The dividends are capped at 15% by the tax treaty and could be payable to Portugal or the country the stocks were held in.
Interest is capped at 10%.

jacer56

Thanks a lot for your answer. I could not find any document on the internet that indicates shares have to be held for 1 year+ for 28%, or that it’s FIFO. Are you able to point to a document or website? Thanks

Ukkram

No. I can only state my personal experience as my sole income is from the sale of stocks.

The catoragry "G" when filing the tax only applies to CGT regardless of your NHR status and it will automatically tax you at 28%.

I have researched the time frame for holding stocks for CGT as had my accountant and it is 1 year. This was confirmed by the AT when I filed my tax.