Labor & Taxes
What a 48-Country Tax Comparison Reveals About Portugal
A new report by Global Citizen Solutions ranks Portugal 23rd for tax and 11th for quality of life among 48 jurisdictions. The study notes that Portugal taxes worldwide income but offers the IFICI regime, which provides a 20% flat tax rate on eligible income for 10 years for specific professional categories, while excluding pension income from these benefits.
Why it matters
If you are considering moving to Portugal for tax reasons, this highlights that headline tax rates are secondary to what is actually taxed; the IFICI regime is time-limited and profession-specific, and you should plan for your tax position once that 10-year benefit expires.The Portugal NewsRead original ↗
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