Portugal Dividend Withholding Tax
Complete guide for international investors — rates, reclaim deadlines, and which forms to file.
Last updated 2026-08-30
Portugal withholds 28.0% on dividends paid to non-resident investors. If you live in a country with a tax treaty, you can reclaim the difference between that rate and the applicable verified treaty rate — an amount determined by the verified treaty rate — by filing a refund claim with the Autoridade Tributária e Aduaneira (AT) within 2 years.
About Portugal's Withholding Tax
Portugal applies 28% on dividends and interest paid to non-residents. Treaty countries can reclaim to their applicable rate (typically 15%). Reclaims are submitted via the AT portal.
Available Forms
Reclaim by Investor Residence Country
How much investors from each country can reclaim from Portugal's 28.0% withholding tax. Click your residence country for a detailed guide.
| Your residence country | Standard WHT | Treaty rate | Reclaimable | |
|---|---|---|---|---|
| Pair-specific treaty rates are not published until the official evidence is verified. | ||||
* Treaty rates shown are standard DTT dividend rates. Lower rates may apply to substantial shareholdings. Consult your tax advisor for your specific situation.
How to reclaim Portugal withholding tax
- 1
Confirm the tax withheld
Check your dividend voucher or broker statement — Portugal should show 28.0% withheld at source.
- 2
Get a certificate of tax residence
Request a certificate of tax residence from your home country's tax authority for the year the dividend was paid.
- 3
Complete Modelo 22-RFI (RFI-22)
Fill in the Portugal reclaim form with your dividend amounts and the tax withheld.
- 4
Submit before the deadline
File your claim with the Autoridade Tributária e Aduaneira (AT) within 2 years.
Frequently asked questions
How much Portugal dividend withholding tax can I reclaim?
Portugal withholds 28.0%. Investors resident in tax-treaty countries can usually reclaim down to the applicable verified treaty rate — an amount determined by the verified treaty rate — subject to verified treaty evidence. Your exact treaty rate depends on your country of residence.
What is the deadline to reclaim Portugal withholding tax?
2 years, counted (in most cases) from the end of the year the dividend was paid. After the deadline the claim is time-barred and the overpaid tax cannot be recovered.
Which form do I use to reclaim Portugal withholding tax?
Modelo 22-RFI (RFI-22) — Pedido de reembolso de retenção na fonte sobre rendimentos de capitais. It is submitted to the Autoridade Tributária e Aduaneira (AT).
Do I need a certificate of tax residence?
Yes. Most tax authorities require a certificate of tax residence from your home country to grant the reduced treaty rate on a withholding tax reclaim.
Ready to reclaim your Portugal withholding tax?
Tax Reclaim generates the exact form you need, pre-filled with your dividend data.
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