Portugal’s center-right minority government is taking steps to address the exit of youth from the country by proposing a 100 percent tax break for many people ages 35 and younger, in a measure aimed at discouraging emigration.
Under the initiative, introduced on Oct. 10 as part of the government’s first budget bill, individuals younger than age 35 earning as much as 28,000 euros (about $30,500) per year will receive a 100 percent tax exemption in their first year of work. This exemption will gradually decrease to 25 percent between the eighth and 10th years. The plan is expected to affect more than 300,000 people.
