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Portugal to Bring Back Tax Breaks In Order to Attract Foreigners
Portugal’s new government intends to reinstate tax breaks for foreigners in an effort to attract highly skilled workers to the country while also addressing the housing crisis. According to Joaquim Miranda Sarmento, the Finance Minister, the tax will exclude “dividends, capital gains and pensions,” meaning that the tax break of 20 per cent flat rate of income tax will be applicable to “salaries and professional income”.
