The Portuguese Tax Authorities issued a clarification on the requirements of the “Programa Regressar” established in the article 12-A of the Personal Income Tax Code. Under this regime taxpayers who become tax residents in Portugal in 2019 and 2020, may benefit a 50% exemption from taxation on their income from employment and business income.

Click on the link below to see the ruling:

http://info.portaldasfinancas.gov.pt/pt/informacao_fiscal/legislacao/instrucoes_administrativas/Documents/Oficio_Circulado_20210_2019.pdf

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