Taxes and Interest Rates

Information about the rates of interest and tax on bank accounts in Portugal...

  • Current account interest (Juros de Contas à Ordem) and savings account interest (Juros de Contas Poupança) are automatically liable to twenty percent tax which is deducted at source
  • Interest accrued on shares (Acções) is taxed automatically at 23 percent from January 2011
  • Interest on Futures and Options (Futuros e Opções) is taxed at ten percent (this was expected to rise during 2011 but as of late 2014 nothing has changed)

Interest and Exchange Rates

The Banco de Portugal publishes official interest rates, short-term rates and exchange rates daily.