Personal Finance

The end is in sight for Portugal’s favourable ‘ex-pat’ tax regime

Thousands of Irish people have benefitted from tax breaks on their income and pensions for years, but the party now looks like it is coming to an end

To avail of the transitional period, applicants may need to prove they’ve begun relocating to Portugal in 2023

In October of this year, Portugal’s prime minister, António Costa, announced plans to end a tax regime that many Irish nationals have availed of on relocating to the country.

Although Costa resigned as prime minister in November, the current caretaker government promised to proceed with abolishing the regime. Last week it voted in favour of the state budget for 2024, effectively terminating the tax regime, but with a potential window of opportunity remaining for people ...