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Social Security Benefits are taxed at the same rate as your salary but not higher than 52%. This amount is determined by multiplying a percentage of the total Social Security tax paid by your income bracket. The Portuguese government also provides a rebate program to return money to the expat.
Portugal has a high corporate tax rate of 31.5 percent, including multiple surtaxes (the OECD average is 23.6 percent). The VAT at a rate of 23 percent applies to just half of the potential consumption tax base. Portugal has a high top tax rate on personal income of 53 percent, including top-up taxes.
Both our physical and online paysafecard PINs are country specific and you can only redeem them within its purchased country.
Country lock-in applies only to shoppers in the indicated countries. For example, a shopper tries to pay with a card that was not purchased in their declared country, and country lock-in applies. An exception message appears on the paysafecard website.
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For link to more information visit the US Figure Skating SkateSafe site.
