Tax Benefits for New Residents
New residents, that is, those who have not resided in Portugal in any of the five previous years, may have access to a tax status which grants them benefits regarding personal income tax for a period of ten years.
There are two types of new residents who can obtain additional benefits:
New residents in Portuguese territory who are paid pensions from abroad, (income in category H), up to the amount of these, when they arise from contributions, do not receive deductions for the purposes of paragraph no. 2 of article 25, being exempt from the payment of personal income tax, provided that the following conditions are verified:
HIGH ADDED VALUE PROFESSIONS
Net income in categories A (income as an employee) and B (self-employment) earned by professionals with high added value who have established residence in Portugal are taxed at the rate of 20%. New residents are exempt from the payment of income tax regarding income obtained abroad, provided that: