Sunnyvale, CA -- (SBWIRE) -- 03/23/2012 -- The Portuguese Tax and Custom Administration issued a circular listing the revised withholding tax rates on salaries and pensions for resident individuals in Portuguese Mainland, on 13 February 2012.

Withholding Tax on Wages earned by Unmarried Taxpayers
Unmarried taxpayers, with up to four dependent children, would be subject to 0% to 40% withholding tax, and taxpayers, with five or more dependent children would be subject to a withholding tax of 0% to 39%.

Withholding Tax on Wages earned by Married Taxpayers
Married taxpayers where only one spouse is earning with up to four dependent children, would attract a withholding tax of 0% to 37.5%; and those with five or more dependent children would attract a withholding tax of 0% to 36.5%.

If both spouses are earning, withholding tax rates range within 0% to 40%.

Withholding Tax Rates on Wages of Disabled Persons
Disabled persons will be subject to a withholding tax within the range of 0% to 33.5% on their income.

Withholding Tax Rates for Pensioners
Unmarried pensioners, and married taxpayers where both of the spouses are pensioners, would be subject to a withholding tax within 0% to 40%.

If only one spouse is a pensioner, the withholding tax rate would be 0% to 34.5%.

Pensioners with disabilities will be subject to withholding tax rates of within 0% to 24.5%.

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