3-way tax comparison for 2026
Portugal vs Spain vs Italy
Tax, side by side
🇵🇹 Portugal
🇪🇸 Spain
🇮🇹 Italy
Top Personal Tax Rate
48%
47-54%
43%Lower
Corporate Tax Rate
19%Lower
25%
27.8%
Capital Gains Tax
28%
19-30%Lower
26%
Dividend Tax
28%
19-30%Lower
26%
Foreign Income
Worldwide
Worldwide
Worldwide
Residency Days
183 days
183 days
183 days
Wealth Tax
None
Yes
Yes
Inheritance Tax
None
Yes
Yes
VAT/GST
23%
21%Lower
22%
Withholding (Dividends)
25%
19%
26%
Living there, side by side
Live score (tax + life)
74/100
70/100
61/100
Main expat city
Lisbon
Madrid
Milan
Monthly budget (one person)
~$2,800
~$2,900
~$3,300
Safety
85/100
78/100
72/100
Healthcare
80/100
87/100
85/100
English
72/100
55/100
50/100
Internet
170 Mbps
250 Mbps
115 Mbps
Newcomer regime
IFICI ("NHR 2.0") (20%)
Beckham Law (Special Inbound Regime) (24%)
Flat Tax for New Residents (HNWI)
Live scores and quality-of-life ratings from the best places to live ranking. Editorial composite ratings; verify before relocating.
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