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Portugal vs Serbia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡΅πŸ‡Ή Portugal
vs
πŸ‡·πŸ‡Έ Serbia
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
13.25–48%
48% top rate; further bracket relief phasing in
No change
10–20%
Stable; EU accession timeline affecting reform pace
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
6–23%
23% standard; food VAT reductions under review
No change
10–20%
Standard 20% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
19%
Gradual reduction to 15% by 2030; 19% for 2026
β–Ό -2.0pp vs 2025
15%
15% competitive; Pillar Two for MNCs
No change
Capital Gains Tax
Capital Gains Tax
28%
28% flat; IFICI regime for new residents
No change
15%
15% flat
No change
Social Security & Payroll
Social Security / Payroll
~34.75%
Stable; pension reform discussions ongoing
No change
~37.8%
Reform pending; pension system under pressure
No change
State, Regional & Local Taxes

πŸ‡΅πŸ‡Ή Portugal β€” Municipal & Regional Taxes

Portugal's 18 districts and 308 municipalities levy a municipal IRS surcharge (Derrama Municipal) of up to 1.5% of taxable income on residents. Municipalities also apply the Derrama Municipal on corporate profits (up to 1.5%). Madeira and Azores autonomous regions have their own lower tax regimes: Madeira has a 14.7% corporate rate in the MIBC (international business centre). Real estate transfer taxes (IMT) are municipal. The NHR (Non-Habitual Resident) regime attracted many foreigners until 2024 when it was replaced by IFICI.

πŸ‡·πŸ‡Έ Serbia β€” Municipal & City Taxes

Serbia's 145 local self-government units (cities and municipalities) levy local communal taxes including sign/advertisement tax, local utilities contribution, and vehicle fees. Property tax (porez na imovinu) is locally set at 0.1%–0.4% for citizens. Belgrade has higher property tax values than other cities. Corporate income tax is national at 15%. Serbia has EU candidate status and is aligning tax legislation with EU standards. The flat 15% corporate rate and low income tax rates make it competitive in the region.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Portugal vs Serbia: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡΅πŸ‡Ή Portugal has a higher top income tax rate (13.25–48% vs 10–20%). πŸ‡·πŸ‡Έ Serbia is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Portugal has a higher consumption tax (6–23% vs 10–20%).

🏒 Corporate Tax: πŸ‡·πŸ‡Έ Serbia offers a lower corporate rate (15% vs 19%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡·πŸ‡Έ Serbia taxes investment gains at a lower rate (15% vs 28%), benefiting investors.

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