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Trends and Insights

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11 Dec 2023

Americans Flock to Portugal as Expat Tax Breaks End

Due to changes in tax policy, Portugal's prime minister announced the end of tax breaks for 'non-habitual residents' amid a housing crisis, leading Americans to quickly apply for tax residency. Initially, cheaper property prices, a warm climate, and beneficial tax perks during the pandemic attracted many expats, but rising housing costs have prompted a policy shift. [Source](