Global mobility services

Portuguese Budget announces incentives for expats and simplification for inpats

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 Grant Thornton Portugal Budget response is available in Portuguese or should you wish to discuss further, please contact Pedro Ferreira Santos.

Read more insights on tax changes affecting internationally mobile employees.