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Tag Archives: Portugal tax holiday

Portugal set to end tax holidays for foreign residents

[caption id="attachment_414651" align="alignleft" width="400"] © Tomas1111 | Dreamstime.com[/caption] Recently, the government of Portugal said it was looking at introducing a tax on foreigners residing in the country on special tax holidays, according to the magazine Bilan. Currently, foreigners moving to Portugal who spend at least 180 days a year in the country pay no income tax for a period of 10 years under a scheme that was launched 11...

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Portugal set to end tax holidays for foreign residents

Recently, the government of Portugal said it was looking at introducing a tax on foreigners residing in the country on special tax holidays, according to the magazine Bilan. © Tomas1111 | Dreamstime.comCurrently, foreigners moving to Portugal who spend at least 180 days a year in the country pay no income tax for a period of 10 years under a scheme that was launched 11 years ago. Not all income is tax free under the scheme. PWC, a tax consultancy, which describes Portugal as Europe’s...

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