Portugal Dividend Withholding Tax
Complete guide for international investors — rates, reclaim deadlines, and which forms to file.
Last updated 2026-09-27
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 your treaty rate by filing a refund claim with the Autoridade Tributária e Aduaneira (AT) within 2 years. Treaty rates for investors resident elsewhere range from 10% to 15%; the most common, 15%, leaves 13.0 percentage points to recover.
- Standard Dividend WHT
- 28.0%
- Most Common Treaty Rate
- 15%
- Reclaimable at That Rate
- 13.0%
- Reclaim Deadline
- 2yr
Form Modelo 22-RFI — Portuguese WHT Reclaim (PT Variant)
Calculate your refund from PortugalAbout 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
Official fileable form. Filing channel: the Portuguese withholding agent (Mod. 22-RFI). Requires a residence certificate from your tax authority (or its certification on the form).
Deadline: 2 years
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 | |
|---|---|---|---|---|
| 🇬🇧United Kingdom | 28.0% | 10% | 18.0% | |
| 🇳🇱Netherlands | 28.0% | 10% | 18.0% | |
| 🇩🇰Denmark | 28.0% | 10% | 18.0% | |
| 🇸🇬Singapore | 28.0% | 10% | 18.0% | |
| 🇯🇵Japan | 28.0% | 10% | 18.0% | |
| 🇺🇸United States | 28.0% | 15% | 13.0% | |
| 🇩🇪Germany | 28.0% | 15% | 13.0% | |
| 🇫🇷France | 28.0% | 15% | 13.0% | |
| 🇪🇸Spain | 28.0% | 15% | 13.0% | |
| 🇧🇪Belgium | 28.0% | 15% | 13.0% | |
| 🇨🇭Switzerland | 28.0% | 15% | 13.0% | |
| 🇮🇹Italy | 28.0% | 15% | 13.0% | |
| 🇳🇴Norway | 28.0% | 15% | 13.0% | |
| 🇦🇹Austria | 28.0% | 15% | 13.0% | |
| 🇮🇪Ireland | 28.0% | 15% | 13.0% | |
| 🇵🇱Poland | 28.0% | 15% | 13.0% | |
| 🇱🇺Luxembourg | 28.0% | 15% | 13.0% | |
| 🇨🇦Canada | 28.0% | 15% | 13.0% | |
| 🇸🇪Sweden | 28.0% | No treaty refund | Not applicable | |
| 🇫🇮Finland | 28.0% | No treaty refund | Not applicable | |
| 🇦🇺Australia | 28.0% | No treaty refund | Not applicable |
* 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 — Portuguese WHT Reclaim (PT Variant)
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%. Treaty rates for investors resident elsewhere range from 10% to 15%; the most common, 15%, leaves 13.0 percentage points to recover. 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 — Portuguese WHT Reclaim (PT Variant) — Official fileable form. Filing channel: the Portuguese withholding agent (Mod. 22-RFI). Requires a residence certificate from your tax authority (or its certification on the form).. 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.
Calculate your refund from Portugal — freeNo account needed for the estimate · filing documents from €9.99/year