The Social Security Rate For Employees in Portugal stands at 11 percent.

Social Security Rate For Employees in Portugal averaged 10.98 percent from 1981 until 2019, reaching an all time high of 11 percent in 1990 and a record low of 10.50 percent in 1981. This page provides - Portugal Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Social Security Rate For Employees - values, historical data and charts - was last updated on June of 2020.

Social Security Rate For Employees in Portugal is expected to reach 11.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Social Security Rate For Employees is projected to trend around 11.00 percent in 2021, according to our econometric models.

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Portugal Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 11.00 10.50 1981 - 2019 percent Yearly

Portugal Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 21.00 21.00 55.10 21.00 percent [+]
Personal Income Tax Rate 48.00 48.00 48.00 40.00 percent [+]
Sales Tax Rate 23.00 23.00 23.00 17.00 percent [+]
Social Security Rate 34.75 34.75 35.50 10.50 percent [+]
Social Security Rate For Companies 23.75 23.75 24.50 23.75 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 10.50 percent [+]


Portugal Social Security Rate For Employees
In Portugal, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Employees are an important source of income for the government of Portugal because they help to pay for many social programs including welfare, health care and many other benefits.