To reduce their IRS expenses, 50% of income from dependent work and business and professional income for 5 years is excluded from taxation.
The State Budget Law for the year 2022 (Law 12/2022 of 27 June) introduced amendments to article 12- A of the IRS Code, in order to extend this Tax Regime to taxable persons who become fiscally resident in Portuguese territory in the years 2021, 2022 or 2023. All information can be found here:
