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Tax benefits for private individuals

Capital gains from the sale of shares in micro and small companies

This benefit is intended to encourage investment by individuals in micro and small companies.

It consists in the inclusion, for Personal Income Tax (IRS) purposes, of only 50% of the net capital gains on the sale of shares of micro and small companies not listed in regulated or non-regulated stock exchanges. In practice, this means that the capital gains are taxed at 14%.


The application of this regime is dependent on companies complying with the definition of micro and small companies under the terms of the Annex to Decree-Law 372/2007.

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