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Portugal Attempts To Offset Brain Drain With Youth Tax Breaks
Over the past decade, thousands of young and educated Portuguese people have left the country in search of opportunities elsewhere in Europe.
Portugal seeks to become ‘tax haven for young’ in attempt to stop brain drain
Portugal is planning to become a haven for young adults by giving them a decade-long tax break in an attempt to curb brain drain. Under plans proposed by Portugal’s centre-Right government, workers under 35 would be exempt from paying income tax for the first year of their careers,
🔒 FT: Portugal seeks to become low-tax haven for young people
Portugal’s centre-right government is proposing a decade of tax breaks to stem the brain drain of young professionals.
Portugal tries to tempt under-35s with tax cuts
The Portuguese government is proposing to slash taxes for under-35s in an attempt to dissuade young people from emigrating - and encourage foreigners to settle in Portugal. As part of the annual budget,
Portugal seeks to become low-tax haven for young people
Portugal is planning to turn itself into a low-tax haven for young adults by offering a decade of tax breaks to people starting their careers in an effort to halt a growing brain drain. The country’s centre-right government wants to reduce the income tax burden on young people for 10 years — including a first year in which no tax is due — under a plan that has few precedents in global fiscal policy.
Portugal announces huge new incentive targeting expats with tax cuts
Prime Minister Luis Montenegro wants to see income tax lowered for under-35s, specifically those earning up to €28,000 (£23,400).
portugalresident
1d
PM Montenegro “last hope” for Alcoutim-Spain bridge project – local councillor
A local councillor is calling on Prime Minister Luís Montenegro to help move forward with the long-stalled Alcoutim-Spain ...
12m
Money blog: Most drawn lottery numbers revealed - and one big no-no
New research has revealed the luckiest and unluckiest numbers in the lottery - aka those that are drawn the most frequently.
streetsensemedia.org
9h
At one building, the fight for better housing conditions never ends
How many housing conditions and maintenance requests can go unanswered before a tenant should get the city involved, sue, or ...
1d
Portugal's budget bill eyes faster growth, tax cuts for young people, firms
Portugal's centre-right minority government rolled out its first budget bill on Thursday, projecting a slight pick-up in ...
3d
Portugal’s Premier Says Many Firms Are Interested in Airline TAP
Portuguese Prime Minister Luis Montenegro said many companies are interested in buying shares in TAP SA, the state-owned ...
8d
Portugal’s Prime Minister Says He’s Available for More Budget Talks With Opposition
Portuguese Prime Minister Luis Montenegro said he’s available to keep talking to the Socialist Party about the 2025 budget ...
2d
Portugal consults TAP suitors on plans for airline
The Portuguese government is finalising consultations with airlines interested in flag carrier TAP to establish their ...
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