Samuel Fernandes de Almeida, partner, clarifies that the new regime that benefits the return of expatriates to Portugal, will also promote the return of football players, among other athletes.
This regime will be valid for four fiscal years and determines an exemption of 50% over the A and B Category incomes, with the consequent reduction by 50% of the withholding tax rates. In practice, for these taxable persons, the maximum marginal rate of personal income tax will now be 24%.
The tax specialist claims that, although it might be questionable implementing two regimes directed for non-residents for tax relief, “it doesn’t stop it from being a tool for the tax system to attract foreign investment”.
