Government to offer 50% IRS discount to returning migrants – Observer

The government of António Costa offers one 50% IRS discount for the Portuguese who left the country during the crisis, according to the weekly Expresso. The incentive is part of a package that also provides support for travel costs upon return to the country and accommodation after return. The incentives will last in 2019 and 2020, in a measure that will be included in the state budget in the following year.

The measure will be a banner of the government and the PS, which has strongly criticized the executive power of Passos Coelho for allowing a massive exit of qualified young people abroad. It was even stuck to Passos that he would have allowed the young people to emigrate, something that he described as an "urban myth".

António Costa had already foreseen this measure in the 22nd Congress of the PS, in Batalha: "I want to make it clear here: For PS, one of the main priorities of the state budget for 2019 is to adopt a program that encourage the return of the young people who have left, do not want to leave and that they must have the freedom to live among us again. & # 39;

Costa recalled that "between 2010 and 2015" there was an "emigration flow in Portugal as we had not done since the sixties" and that it was therefore necessary to create "unique and extraordinary circumstances for those who left and are planning return to Portugal conditions to return to the country. "And he promised:" The next state budget will create conditions so that the Portuguese who want to return can do it ". It was not known what the conditions of these stimuli were. Now the Expresso reveals some details.

According to the weekly, young people (and not only) who emigrated and decided to return only pay half of the IRS over a period of 3 to 5 years (something that has not yet been closed). The discount can be built up with the possibility that these young people will have tax deductions with return travel and with the properties they will occupy in Portugal. The main goal is to find the "brains" that have left the country.

In order to receive such support, young people will have to return in 2019 or in 2020, it is sufficient that they have been subject to tax in Portugal until the year 2015. In other words, young people who have already emigrated during the government of António Costa are not entitled to this tax deduction.

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