PIT – Pension income: Withholding tax rates applicable from 1 July 2022 onward – Azores and Portugal mainland

In brief

Order 7870-D/2022 and Order 7870-E/2022, dated 27 June 2022, both issued by the State Secretary of Tax Affairs, approve the new withholding Personal Income Tax rates applicable to pension income earned by taxpayers resident respectively in the Autonomous Region of the Azores and in Portugal mainland. The new rates apply from 1 July 2022 onward, under the conditions set forth in said orders.

Both orders enter into force on 28 June 2022.

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