According to the Jornal de Notícias newspaper, this amount is equivalent to 43% of the state's total tax revenue in 2024, excluding municipal taxes.
The number of wealthy families monitored by the UGC has remained the same since 2020, but the number of businesses has increased again. The €24 billion paid by these taxpayers in 2023 was already a record amount, accounting for 41% of total taxes. These amounts accounted for a greater share of total revenue: in 2022, when the €23 billion accounted for 44% of state revenue.
The attention the tax authorities pay to the 5,322 companies and families under the UGC's radar has already allowed them to recover a total of €3.2 billion in taxes over the past five years, following corrections made after tax activities. Last year, 198 audits of large taxpayers were completed, resulting in the correction of €602 million in delinquent taxes.
Finally this should debunk the myth that the rich don't pay taxes. But there are always people who insist on their prejudices and biases getting in the way of facts.
By Billy Bissett from Porto on 14 Aug 2025, 11:05
It would be very interesting to know what overall percentage tax rate is levied and how much is based 'normal' Income (salaries, pensions, etc.), and how much on Capital income (dividends, interest, capital gains on sales of investments, etc.). I assume Portugal treats these two income sources differently, as do most countries.
By John Cowan from Algarve on 15 Aug 2025, 13:00