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 at 28 percent 
  • Interest on Futures and Options (Futuros e Opções) is taxed at ten percent

Interest and Exchange Rates

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