Taxation

PORTUGAL WANTS ITS EXILES TO RETURN

&amp;NewLine;<div class&equals;"wp-block-cover has-background-dim-40 has-background-dim is-layout-flow wp-block-cover-is-layout-flow" style&equals;"background-image&colon;url&lpar;https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;wp-content&sol;uploads&sol;2018&sol;08&sol;img&lowbar;2735&period;jpg&rpar;"><p class&equals;"wp-block-cover-text">PORTUGAL WANTS ITS EXILES TO RETURN<&sol;p><&sol;div>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">PORTUGAL WANTS ITS EXILES TO RETURN<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><strong>The Portuguese government wants to encourage its expatriates to return to the country by promising tax benefits&amp;period; The country is facing an aging society&amp;period;<&sol;strong><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Portugal&amp;rsquo&amp;semi;s government has set itself the goal of bringing back <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;nos-guides-expatriation-portugal&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener" aria-label&equals;"expatriés &lpar;opens in a new tab&rpar;">expatriates<&sol;a> and proposes drastic tax cuts from January 1&amp;period; The current government is proposing a tax exemption for Portuguese nationals who decide to return home&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">This reduction is as follows <&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Someone earning €2,000 a month will only have to declare €1,000 to the financial authorities&amp;period; Instead of paying €4,480 in taxes&amp;comma; they will only have to pay €1,210&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>These measures are&amp;nbsp&amp;semi;<em>"a necessity for the&amp;rsquo&amp;semi;State&amp;comma; because d&amp;rsquo&amp;semi;according to the Socialist government nearly 500,000 people left Portugal between 2010 and 2015"<&sol;em>According to journalist Sophie Lanson, this workforce is beginning to be in short supply&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">A controversial measure<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>For some&amp;comma; lowering taxes to encourage expatriates to return is not enough in their view&amp;comma; but would be a plus in attracting those with high incomes looking for tax advantages&amp;period; In the country&amp;comma; the measure is causing controversy&amp;period; Some Portuguese find the measure unfair and fear fractures within society&amp;period; <strong>The measure is valid only if you have been outside Portugal for at least three years&amp;nbsp&amp;semi;and&amp;nbsp&amp;semi;do&amp;nbsp&amp;semi;not&amp;nbsp&amp;semi;address&amp;nbsp&amp;semi;to&amp;nbsp&amp;semi;binationals born outside Portugal&amp;period; <&sol;strong><&sol;p>&amp;NewLine;

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