Which Persons are subject to Corporate Income Tax (IRC) in Portugal?
Tax Professional Answers
1 – The following are liable to IRC:
a) commercial companies or civil companies in commercial form, cooperatives, public enterprises and other collective persons of public or private law, having their head office or (place of) effective management in Portuguese territory;
b) entities without legal personality, that have their head office or (place of) effective management in Portuguese territory, whose profits are not liable to the Tax on Income and Gains of Individuals (IRS) or to IRC directly in their capacity as natural or collective persons;
c) bodies, with or without legal personality, that do not have their head office or (place of) effective management in Portuguese territory and that obtain there profits not subject to IRS.
2 – The following are also considered to be included in paragraph 1(b): estates under administration, collective persons that have been declared invalid, associations and civil companies without legal personality and commercial or civil companies in commercial form, final registration.
3 - For the purposes of the IRC Code, collective persons and other entities that have their head office or (place of) effective management in Portuguese territory are considered resident.
Meet Leading Tax Advisors
Federal Tax Credits & Incentives Practice Leader
New York, NY
CEO/Certified Financial Advisor
Rancho Santa Fe, CA
San Jose, CA
Long Beach/ Park City, CA