Portugal Aims to Attract Skilled Foreigners with New Tax Incentives

Thursday, 4 July 2024, 14:09

Portugal has announced the reintroduction of tax breaks for skilled expat professionals, with retirees' incomes excluded from the perk. Lisbon plans to boost economic growth by introducing a 20% flat tax rate for eligible foreign workers. This move is expected to attract more skilled professionals to Portugal, ultimately enhancing the country's workforce and stimulating economic development.

Portugal Tax Incentives for Foreign Professionals

Portugal has rolled out new tax breaks to attract skilled expat workers

Key Points:

Retirees' incomes excluded from the new tax incentive
Lisbon introduces a 20% flat tax rate to attract foreign talent
Boost to economic growth expected from increased skilled workforce

This initiative marks a strategic move by Portugal to enhance its global competitiveness and strengthen its workforce through targeted tax policies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Portugal Tax Incentives for Foreign Professionals

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