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Some forms of income in Portugal are tax-exempt as follows:
- Income from the sale of a residential apartment when the proceeds are invested in another apartment within 24 months before the sale, or 36 months after it.
- Profit on the sale of shares held for more than 12 months.Excluding sale of shares of a company having more than 50% of its assets in realestate located in Portugal.
- Under certain terms, dividend received by a resident company from another resident company , or EU resident company ,is tax exempt.
- In other cases, 50% of the dividend of a company of a Portuguese resident paid to a resident company are tax exempt.
- Non-residents pay only 15% tax on net rental income.
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