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The scheme, launched in 2009 to attract investors and professionals at a time of financial crisis, gave people who became residents by spending more than 183 days a year in Portugal a special 20% ...
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 ...
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.
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 ...
62% (This consists of 40% income tax on the GBP 100k–125k band, an effective 20% due to the phase-out of the personal allowance, and 2% employee National Insurance). The marginal rate then drops to 47% for income above GBP 125k (45% income tax plus 2% employee National Insurance) [ 237 ] [ 238 ]
The quoted income tax rate is, except where noted, the top rate of tax: most jurisdictions have lower rate of taxes for low levels of income. Some countries also have lower rates of corporation tax for smaller companies. In 1980, the top rates of most European countries were above 60%. Today most European countries have rates below 50%. [1]
The country's former prime minister called the tax breaks a "fiscal injustice" that drove up house prices. Desperate for growth, Portugal backtracks on hostility to digital nomads as its tax ...
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