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Country file · PT

Potential · medium

Portugal: recover the withholding tax on your dividends

Every dividend paid from this country loses 25% to withholding tax at source. The tax treaty caps it at 15% for a French resident. The 10-point gap is not lost money: it can be claimed back — with the right forms, within the deadline.

No win, no fee · Pricing 100% public · FR / EN

Tax withheld€2,500
Treaty withholding€1,500
FR–PT tax treaty · 15%
Over-withholding to recover€1,000

Example for €10,000 of gross dividends, French tax resident, before our success fee. Indicative amounts — every claim is verified before filing.

Technical file

The numbers that matter

Both rates, the gap, the form and the time you have left: everything that decides whether a claim is worth opening.

25%

Statutory rate

withheld from non-residents by default

15%

Treaty rate

for a French resident

10 pts

Recoverable gap

2 years

Statute of limitations

from the end of the year of payment

Your deadline to act

To be confirmed

2 years

2 years from the end of the withholding year, as a general rule — alongside Canada, one of the shortest windows in the panel.

Compute my exact deadline

The procedure in practice

Form
Form 22-RFI
Competent authority
Autoridade Tributária e Aduaneira (Portuguese tax authority)
Online filing
No
Relief at source
Yes

Relief at source prevents the over-withholding before it exists: the correct rate is applied at payment time. See the relief-at-source service

Data reviewed on 12 July 2026 · Indicative amounts — every claim is verified before filing.

Specifics

What you should know about this country

  • A 10-point gap (25% withheld, 15% owed) on Lisbon's flagship names (EDP, Galp, Jerónimo Martins…).
  • The 2-year window is the Portuguese trap: as in Canada, many over-withholdings expire before anyone spots them.
  • Prevention works: Form 21-RFI handed to the paying agent before payment secures the 15% at source — the best move for long-held positions.
  • A higher 35% rate hits accounts booked in listed jurisdictions: those lines are assessed case by case.

Claim documents

The documents required

What we gather with you. Most of these can be requested online or produced from your brokerage statements.

  • Form 22-RFI with a certificate of tax residence
  • Evidence of the Portuguese dividends and the 25% withholding
  • Identification of the Portuguese paying agent
  • A representation mandate

How much can you recover?

Two minutes, no sign-up: the simulator applies the rates above to your real amounts and shows our fee before you commit to anything.

No win, no fee · Pricing 100% public · FR / EN