&NewLine;<div class="wp-block-cover has-background-dim-40 has-background-dim is-layout-flow wp-block-cover-is-layout-flow" style="background-image:url(https://vivreauportugalconsulting.com/wp-content/uploads/2018/08/img_2735.jpg)"><p class="wp-block-cover-text">PORTUGAL WANTS ITS EXILES TO RETURN</p></div>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">PORTUGAL WANTS ITS EXILES TO RETURN</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>The Portuguese government wants to encourage its expatriates to return to the country by promising tax benefits&period; The country is facing an aging society&period;</strong></p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Portugal&rsquo&semi;s government has set itself the goal of bringing back <a href="https://vivreauportugalconsulting.com/nos-guides-expatriation-portugal/" target="_blank" rel="noreferrer noopener" aria-label="expatriés (opens in a new tab)">expatriates</a> and proposes drastic tax cuts from January 1&period; The current government is proposing a tax exemption for Portuguese nationals who decide to return home&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">This reduction is as follows </h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>Someone earning €2,000 a month will only have to declare €1,000 to the financial authorities&period; Instead of paying €4,480 in taxes&comma; they will only have to pay €1,210&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<p>These measures are&nbsp&semi;<em>"a necessity for the&rsquo&semi;State&comma; because d&rsquo&semi;according to the Socialist government nearly 500,000 people left Portugal between 2010 and 2015"</em>According to journalist Sophie Lanson, this workforce is beginning to be in short supply&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">A controversial measure</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>For some&comma; lowering taxes to encourage expatriates to return is not enough in their view&comma; but would be a plus in attracting those with high incomes looking for tax advantages&period; In the country&comma; the measure is causing controversy&period; Some Portuguese find the measure unfair and fear fractures within society&period; <strong>The measure is valid only if you have been outside Portugal for at least three years&nbsp&semi;and&nbsp&semi;do&nbsp&semi;not&nbsp&semi;address&nbsp&semi;to&nbsp&semi;binationals born outside Portugal&period; </strong></p>&NewLine;
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