The 2024 State Budget Law introduced a new tax incentive regime aimed at attracting talent and promoting research and innovation in Portugal. Who can benefit? Tax residents in Portugal, i.e. those who spend more than 183 days a year in Portugal or, spending less time, have a permanent home in Portugal, among other factors indicating...Read More

IRS Jovem is a regime that partially exempts employment income (Category A) and self-employment income (Category B) from taxation for five years, consecutive or not. The 2024 State Budget Law increased the maximum limits of the benefit and introduced a 100% exemption in the first year of work, with a gradual and progressive increase in...Read More

The 2024 State Budget Law established that startups are now subject to IRC (corporate income tax) at a rate of 12.5% on the first €50,000.00 of taxable income, instead of the 17% rate. Requirements to qualify as a startup To qualify as a startup, companies must cumulatively meet the following requirements: Have been operating for...Read More