Stay updated with breaking news from Emigration Observatory. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Portugal's centre-right minority government approved a sharp income tax reduction for more than 300,000 people aged 18-35 on Thursday, lowering the average rate they will pay from next year by... -May 23, 2024 at 11:37 am EDT - MarketScreener
Portugal's centre-right government has approved a significant income tax reduction for over 300,000 young adults aged 18-35. This measure aims to deter youth emigration by lowering tax rates dramatically. The plan awaits parliamentary approval and is poised to cost the state around 1 billion euros annually.
Around 60,000 Portuguese emigrated in 2022, the same as in the previous year, with the United Kingdom losing importance due to Brexit and Switzerland once again...
More than 850,000 people born in Portugal aged between 15 and 39 have chosen to live and work outside the country.
Digital nomads are increasingly focusing on Lisbon, but young Portuguese people are leaving for other locations.