About Internago
Internago offers subsidiary management, HR and international payroll services combined with international payroll software and professional business advisory services.
The Portuguese Republic is an EU-member and also a member of the UN, the Schengen Area, the Council of Europe and the Eurozone, OECD and NATO. By nominal GDP it is ranked as the 47th economy in the world and by Human Development Index it is categorized as very high, on 38th place globally.
Capital Lisbon |
Currency Euro (EUR) |
Languages spoken Portuguese, Mirandese |
Population size (2020) 10,3 million |
Ease of doing business (world bank ranking) 40 |
Cost of living index(2021) 52,88 |
Payroll frequency Monthly |
VAT - standard rate 23% |
GDP - real growth rate(2020) -7,57% |
Date | Holiday Name |
1st January |
New Years Day |
2nd April |
Good Friday |
4th April |
Easter Sunday |
25th April |
Freedom Day |
1st May |
Labour Day |
24th May |
Day of the Azores |
3rd June |
Corpus Christi |
10th June |
Portugal Day |
24th June |
Feast of St. John the Baptist |
1st July |
Madeira Day |
5th October |
Republic Day |
1st November |
All Saints Day |
1st December |
Restoration of Independence |
8th December |
Immaculate Conception Day |
25th December |
Christmas Day |
26th December |
Christmas Holiday |
Minimum wage |
The nationwide minimum wage in Portugal in 2021 is 665 euro / month. This applies both to locally hired Portuguese employees and employees working on a Temporary Stay Visa or a Residence Visa for Local Hires. |
Salary payouts |
Payroll in Portugal is usually run on a monthly basis and wages are paid out before the last day of every month. |
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Portugal
Employer |
Corporate income tax rate : 21% |
Family, Pension and Unemployment insurance : 23.75% of gross salary |
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Wage guarantee fund : 1% of gross salary |
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Labour accident insurance : Employers are obliged to purchase insurance premiums to cover occupational accidents for employees |
Employee |
Family, Pension and Unemployment insurance : 11% of gross salary |
Internago offers subsidiary management, HR and international payroll services combined with international payroll software and professional business advisory services.