With a reputation as the hottest country in Mainland Europe, and a relatively cheap cost of living, its easy to understand why many expats choose Portugal as their new workplace or home.
However, income tax levels here are some of the highest in Europe.
The tax system in Portugal is far from straight forward and when the time comes to pack up your belongings for the next chapter of your journey, the impact on your wealth is not to be underestimated.
However, with a little careful planning, you can ensure you are prepared for all eventualities and ensure you don’t lose any more of your hard-earned cash than you have to.
Make sure you make the most of your expat status...