Portugal's corporate tax rate drops to third in OECD rankings
Portugal’s corporate tax rate has been a topic of debate after recent claims about its ranking among OECD nations. New data shows the country holds third place for the highest statutory rate, not second as previously stated. This correction follows an outdated figure from 2024. In 2024, Portugal was listed with a corporate tax rate of 31.5%, placing it second in the OECD. However, the latest figures from the Tax Foundation’s 2025 report adjust this to 30.5%, moving the country to third. The change clarifies a misconception repeated by figures like André Ventura, who had cited the earlier ranking.
Portugal’s tax burden extends beyond corporate rates. For a single worker, the tax rate on labour stands at 39.3%. This places the country 18th in the OECD for wage taxation, indicating a significant but not exceptional burden compared to other nations. The updated data corrects Portugal’s position in OECD tax rankings, confirming a statutory corporate rate of 30.5%. While the country remains among the highest for business taxes, it no longer holds the second spot. The figures also highlight a notable but not extreme tax load on workers.
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