Country Profile: Portugal

Tax to GDP ratio: 35.8%

Aviation: Yes – tax in place

Portuguese Carbon Tax

  • Domestic and international flights: €2 per passenger
  • Non-commercial business jet flights: tax rate calculated using a formula that considers factors such as aircraft seating capacity and flight distance

Source

Financial Transactions Tax (FTT): No tax in place

Bunge la Ureno limeidhinisha vigezo vya jumla vya FTT lakini ushuru bado haujatekelezwa na serikali ya Ureno. Ushuru unaopendekezwa unajumuisha uuzaji na ununuzi wa zana zifuatazo, hisa, hati fungani, soko la fedha, vitengo vya ushiriki, vitokanavyo na muundo wa bidhaa za kifedha Chini ya sheria inayopendekezwa, viwango vya FTT vinavyotarajiwa vitakuwa: 0.3% kwenye hisa, hati fungani, soko la fedha, vitengo vya ushiriki na derivatives na 0.11T juu ya transaction.

Oil & Gas Revenues: No information available

Carbon Pricing: Yes – carbon pricing instrument in place

National carbon tax

  • Coverage: 40% of emissions
  • Price: €8.64 per tonne CO2e
  • Revenue: €448million (US$495 million)
  • Sectors covered: Electricity and heat, Industry, Mining and extractives, Transport, Aviation, Buildings, Agriculture, forestry and fishing fuel use
  • Offsetting: Not permitted

Regional ETS:

  • Coverage: 38% of emissions
  • Price: €57.03 (US$61.30)
  • Revenue: €43,558 million (US$47,369 million)
  • Sectors covered: Electricity and heat, Industry, Mining and extractives, Aviation
  • Offsetting: Not permitted

Source: World Bank, OECD

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