Anyone who comes to Portugal from abroad, whether they are Portuguese who emigrated and returned to the country or foreigners who have never submitted any income declaration in Portugal, will be able to benefit from the IRS Jovem for the entire 10 years, even if they have already started working in another country, according to Jornal de Negócios.

“What matters is the number of years of obtaining income from work in Portugal, always with a limit of 10 years and up to 35 years of age”, explains the Ministry of Finance.

The State Budget proposal for 2025 brings tax benefits for young people with the aim of attracting and retaining talent in the country, with a reduction in income tax for 10 years (instead of the current 5 years) applicable to all people aged up to 35 years (instead of the current 30 years), regardless of level of education.

Copywrites: The Portugal News