Portugal Reinstates Tax Breaks to Attract Foreign Residents
The Portuguese government is set to bring back tax breaks for foreign residents, aiming to lure highly skilled workers despite past criticisms that the scheme inflated housing prices. Originally launched in 2009 during a financial crisis, the “Non-Habitual Resident” (NHR) scheme offered a special 20% tax rate on Portuguese-sourced income from high-value activities such as…
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