How much tax will I pay as a self-employed?

No one?

I suggest a Google search, I found tax rates in Madeira range between 20% and 25%

I have googled, but it's very complicated.

Madeira is part of Portugal so taxes should be around the same as Portugal. There may well be other local taxes too.

I googled some more and e-mailed an accountant. Taxes are incredibly high in Portugal

My American friends who live in Lisbon is paying about 38%-42% tax.

To the OP: if you haven't lived in PT before, you would qualify for the Non-habitual resident taxation option, would you not? That results in lower tax rates, as I understand it.
Look it up - or NHR Portugal.

Hi illerrre, I'm looking for the same information. Did you find anything useful regarding your question?

Thanks!

Please check out the following link:

https://www.expat.com/forum/viewtopic.php?id=905979

Hi illerrre, do you have an accountant that can complete NHR tax returns. I need help with mine, it's my first one and it seems it's not as straightforward as I hoped.
Thanks in advance
Andy

Hi Andy,

These PDFs from the Portuguese Tax Authority, explains all about IRS for NHR:

https://europa.eu/taxedu/sites/default/ … rnh_pt.pdfhttps://info.portaldasfinancas.gov.pt/p … RNH_PT.pdf

You must also fill in annex L.
You must submit your declaration by 30th June each year and it concerns to the previous year.

You can translate PDF into English using a Doctranslator, such as:
https://www.onlinedoctranslator.com

Any accountant can help you with your IRS declaration.

Kind Regards