Portugal Taxes For Expats

Blacktowerfm08 Jul, 2024Finance

Portugal's tax system for expatriates has garnered significant attention in recent years, owing to its potentially favourable conditions for those seeking to relocate. The Non-Habitual Resident (NHR) regime, introduced in 2009, offers substantial tax benefits to eligible individuals for a period of ten years. Under this scheme, foreign-sourced income may be exempt from Portuguese taxation, whilst income earned within Portugal may be subject to a flat rate of 20% for certain professions.