OrbitaxLocal surcharge on corporate income tax payable in 2008
|Approved Changes|Portugal
The municipalities may levy a local surcharge (derrama) of up to 1.5% on the annual taxable profit of resident companies and non-resident companies with a Portuguese permanent establishment. Municipalities are allowed to levy a lower surtax for companies with a turnover not exceeding EUR 150,000.
With regard to the tax year 2007 (assessment year 2008), the district of Brag…
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