Business resilience Retuning your business
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The Portuguese government recently announced its 2019 State Budget which includes provisions impacting globally mobile individuals. For taxpayers who left Portugal, the authorities unveiled a tax regime designed to encourage individuals to return to the country in 2019 and 2020, including the potential for 50% relief from taxation.
For individuals undertaking work in Portugal and who are regarded non-resident for tax purposes, the Budget provides for a flat withholding rate 25% where employment income is derived from a single entity only.
The full or should you wish to discuss further, please contact Pedro Ferreira Santos.
Read more insights on tax changes affecting internationally mobile employees.