Considering a job offer in Lisbon, question about salary calculation

Post new topic

Member since 07 February 2018

basicslovakguyMember08 February 2018 05:35:21

Hey, fellow expats,

I am basicslovakguy (BSG), currently living in Czech Republic, and looking all over the Europe for my next job opportunity.
I was recently offered to apply for position in Lisbon. My problem here is that for love of God, I am not able to figure out, just how exactly tax rates work in PT.

I found this article about taxes. I also found this blog where actual calculation is explained, but my head is all over the place about whether this is correct. That "progressive taxation" makes me question if my salary expectations will put me at every month struggle, because I didn't count with something.

I have a mathematical example of my calculation based on that blog, but firstly I would love to hear from you fellow guys, if I found right source of information or not.

Yours,
BSG

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert08 February 2018 08:03:33

11429

Have they quoted you a salary whether it be monthly or yearly?

basicslovakguy Member

Member since 07 February 2018

basicslovakguyMember08 February 2018 12:21:02

SimCityAT wrote:
Have they quoted you a salary whether it be monthly or yearly?

Yes, they did - around 25 000 € / year, health/life insurance paid by company. (though if health insurance would be national and not private, that would not be a benefit).
That would be around 1785 € / month (PT has 13th and 14th salary, right ?) gross.
And if my tax calculcations are right, this is not really a high offer I would say.

JMSP Active member

Member since 14 February 2018

JMSPActive member14 February 2018 12:59:01

Asides from your salary, you should also get an additional daily meal fee from your employer (no discounts over it up to 4.77€/working day).

Based on your monthly salary and the meal fee, your monthly net salary would be approx. 1320€ (discounts: social security: 11%, IRS: 20.9%)

basicslovakguy Member

Member since 07 February 2018

basicslovakguyMember15 February 2018 14:56:13

JMSP wrote:
Asides from your salary, you should also get an additional daily meal fee from your employer (no discounts over it up to 4.77€/working day).

Based on your monthly salary and the meal fee, your monthly net salary would be approx. 1320€ (discounts: social security: 11%, IRS: 20.9%)

Hello JMSP,

Thank you for your answer.

May you please elaborate a bit about how is social security only 11% and why IRS would tax me only 20.9% ? Is it because I would be non-resident for first 6 months ? Your net salary result, 1320€, is 300€ higher than my calculations (based on sources in my first post) showed me.

I turned down that opportunity.

Articles to help you in your expat project in Portugal

Setting up a business in Portugal
From stunning beaches on the Atlantic coast and a mild Mediterranean climate to fabulous food and rich history ...
Become a digital nomad in Portugal
Geographically somewhat isolated from the rest of Europe, Portugal is a space of unique culture, traditions and ...
Working in Lisbon
Lisbon is Portugal's capital and also the largest city in the country. Furthermore, it is the richest ...
Internships in Portugal
Many students and young professionals dream of acquiring professional experience in a foreign country, which can ...
Working in Portugal
Moving to Portugal means adapting to a new lifestyle and a new working environment, but there are many ...
Working in Porto
Porto is one of the top destinations in Portugal for many expats, thanks to its beautiful architecture, rich ...
Understanding the work culture in Lisbon
Congratulations! You moved to Lisbon, and you've also landed your first job in the Portuguese capital. ...
The labor market in Porto
In the past few years, the labor market in Porto has suffered a considerable boom. There are far more ...