Which countries are more tax competitive? Portugal is at the bottom of the list — idealista/news
THE Tax Competitiveness Index for 2022 it is led by Estonia, with Latvia and New Zealand completing the podium, occupying second and third places, respectively. Portugal is at the bottom of the table, in 36th place out of 38 countries – just ahead of France and Italy. This is a retreat from the classification achieved in 2021, having Portugal ranked 34th.
At stake are, according to Expresso, data recently released by the Spanish body Instituto de Estudios Económicos, based on data from the American Tax Foundation. With 51.4 points, Portugal is found to be well below the average of the European Union (68.1) and the OECD (68.4).
Cited by the publication, Luís Belo, leader of Deloitte’s tax consultancy department, considers that Portugal’s performance is not surprising, because, in terms of companies, the country continues to have “the second nominal rate of taxes on profits (IRC and spills) – 31.5% – highest in the EU and OECD”. A pregnant woman when it is necessary to “attract investment”, she says.
The official also points the finger at others, stressing that “the delay in the functioning of the tax courts and the significant complexity and bureaucracy in complying with tax obligations”, also help to contribute to the poor performance of the country.