Greece vs Portugal taxes (2026): dividends, CGT and company tax

Greece vs Portugal tax rates at a glance

Tax	🇬🇷 Greece	🇵🇹 Portugal
Income tax	First income band: 9% General top rate: 44% Rental income: 15% - 45% Dividends: 5% Interest: 15% Royalties: 20% Electronic-payment shortfall: 22%	Personal income tax: 12.5% - 48% Non-resident employment rate: 25% Dividend and interest income: 28% Employee social security: 11% Employer social security: 23.75%
Corporate tax	Standard corporate income tax: 22% Qualifying credit institutions: 29% Agricultural cooperatives and qualifying producer groups: 10% Corporate tax advance: 80% Pillar Two minimum effective rate: 15% Dividend withholding: 5%	Standard corporate tax: 19% SME rate: 15% Municipal surtax: Up to 1.5% State surtax: 3% - 9% Madeira / Azores: 13.3%
Capital gains tax	Qualifying securities gains: 15% Listed-share gains: 0% / 15% Individual real-estate gains: Suspended through 2026 Listed-share sales tax: 1‰ Qualifying start-up stock options: 5%	Default capital gains tax: 28% Property gains taxed: 50% Blacklisted jurisdictions: 35% Non-resident Portuguese securities: 0% / 28%
Dividend tax	Individual dividend tax: 5% Dividend withholding: 5% Standard corporate tax before distribution: 22% Simple combined company and dividend burden: 25.9% Interest withholding: 15% Royalties withholding: 20%	Individual dividend tax: 28% Portuguese withholding tax: 25% Foreign dividend tax: 28% Blacklisted jurisdictions: 35%
Wealth tax	General net wealth tax: 0% ENFIA building main tax: EUR 2 - 16.20/m² High-value ENFIA adjustment: Applies above EUR 500,000 Special Real Estate Tax for some legal entities: 15% Real-estate transfer tax: 3%	Net wealth tax: 0% AIMI for individuals: 0.7% AIMI for companies: 0.4% AIMI for tax havens: 7.5% IMI urban property: 0.3% - 0.45%
Inheritance / estate tax	Category A: 0% - 10% Category B: 0% - 20% Category C: 0% - 40% Category A parental or bank-transferred gift: 10% above EUR 800,000 Category B cash gift: 20% Category C cash gift: 40%	Inheritance tax: 0% Stamp duty on free transfers: 10% Spouse / descendants / ascendants: 0% / 0.8%
VAT / GST / sales tax	VAT: 24% / 13% / 6%	VAT: 23%

Who wins on each tax

Personal income taxGreece

Greece's standard top rate is 44%, below Portugal's 48%.

Corporate taxPortugal

Portugal's 19% mainland corporate rate is lower than Greece's 22%.

Capital gains taxGreece

Greece generally taxes qualifying securities gains at 15%, with exemptions possible for listed shares below the statutory ownership threshold and a real-estate CGT suspension through 2026; Portugal commonly applies 28%, subject to real-estate, holding-period and aggregation rules.

Dividend taxGreece

Greece generally withholds 5%, compared with Portugal's usual 28% individual rate.

Special regimesTie

Both have special newcomer regimes, but they are not interchangeable: eligibility, qualifying income, duration and application timing need a separate review before a move.

The verdict

Greece has the stronger standard rate card for a business owner: 22% corporate tax and 5% dividend withholding compare well with Portugal's 19% corporate rate and usual 28% personal dividend rate.

Portugal's top personal rate is 48%, versus Greece's 44%, but neither is a simple low-tax residence once social security and worldwide income are included.

Greece is usually the tax-led choice for dividend-funded founders; Portugal remains competitive when location and residence preferences lead.

How to read this comparison

Greece and Portugal are popular European relocation choices, but Greece's low dividend rate creates a meaningful founder-focused difference.

Frequently asked questions

Is Greece or Portugal better for dividends?

Greece is generally much lighter on standard resident dividend income at a 5% withholding rate, while Portugal commonly taxes individual dividends at 28%.