Portugal’s plans for expat tax reform and the privatisation of national airline TAP are currently on hold, pending the decision of the country’s president. The government had been working towards implementing changes to the tax system, specifically targeting expatriates, in an effort to attract more foreign investment. However, these plans have been halted, as the president deliberates on what steps should be taken next.
Similarly, the privatization of TAP, which was expected to occur in the near future, is being delayed as the president reviews the potential consequences of such a move. The government had previously expressed its intention to sell a majority stake in the airline to a private investor, but this decision is now being reconsidered. The uncertainty surrounding these two critical issues has created a sense of anticipation throughout Portugal, as stakeholders eagerly await the president’s decision on what comes next.
#Portugal #expattax #reform #privatization #TAPairline #president #decisionmaking #foreigninvestment
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/09/fin78.png
Comments are closed.