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Under the Investment Tax Code, approved on September 23 2009, [3] a new type of residency, for tax purposes was created under the Personal Income Tax Code, called non-habitual residency (NHR). This new tax residency type was created in order to attract to Portugal high-skilled professionals and pensioners obtaining foreign income. [4]
Personal Income Tax – is a tax paid by Portuguese citizens domiciled in Portugal for their worldwide income. Non-residents of Portugal only pay this tax for their Portuguese sourced income. [11] [12] [13] Corporate Income Tax – is a tax applied to the income of companies operating in the territory of Portugal. [4] [14] [15] [16] [17]
Personal income tax includes all applicable taxes, including all unvested social security contributions. ... Portugal [40] 21% (in mainland) 14.5% 56.03% (48% income ...
This allowed individuals to live for 10 years in Portugal, paying a flat rate income tax of 20% on money earned in the country. This contrasted with a tax band between 14.5% and 48% for Portuguese ...
Portugal's main opposition leader vowed on Saturday to lower income tax for young people and gradually increase state pensions if he wins a snap election called earlier this month after the ...
That drove an investment boom in Portugal, which generated €7.3 billion (around $7.6 billion) from the scheme between 2012 and 2023, according to data from the Portuguese Immigration and Border ...
Income Tax Status: In force The tax regime for non-habitual residents (commonly known as NHR s or NHR Tax Regime ), formally known as non-regular residents , was created with the approval of the Investment Tax Code, approved by Decree-Law n. 249/2009, of 23 September.
The total Finnish income tax includes the income tax dependable on the net salary, employee unemployment payment, and employer unemployment payment. [18] [19] The tax rate increases very progressively rapidly at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually reaches 67% at 83 ke/year, while little decreases at 127 ke/year ...