University and higher education teachers, one of eight professions covered by IFICI+.
At issue is IFICI+, a new tax regime for attracting qualified workers. Beneficiaries may have access to a 20% income tax rate on income from dependent and self-employed work (categories A and B).
The tax regime that replaced that of non-habitual residents, , covers eight professions considered “highly qualified”according to the ordinance this Monday in Diário da República.
At issue is a new tax regime for attracting qualified workersparticularly in the areas of scientific research.
The “highly qualified professions” for the purposes of tax incentives for scientific research and innovation are those that fall under the following codes:
1. General director and executive manager of companies;
2. Directors of administrative and commercial services;
3. Directors of production and specialized services;
4. Specialists in the physical, mathematical, engineering and related techniques;
5. ‘Designer’ of industrial product or equipment;
6. Doctors;
7. Professor of university and higher education;
8. Specialists in information and communication technologies (ICT).
The new regime is accessible to people who, having not been resident in Portugal in the previous five years, become tax residents here and occupy jobs “in entities certified as startups” under the terms of the law, being able to benefit, for 10 years, from one IR rate of 20% on income from salaried and self-employed work (categories A and B).
Both foreign citizens who wish to settle in the country and Portuguese emigrants who wish to return to Portugal can take advantage of the new regime.
At issue are companies that employ less than 250 workers, have an annual turnover that does not exceed 50 million euros and that have been operating for less than 10 years, have their headquarters or representation in Portugal or have at least 25 workers in the country and that , among other requirements, do not arise from the split of a large company. They also have to export at least 50% of their revenue. These companies are:
1. Extractive industries;
2. Manufacturing industries;
3. Information and communication activities;
4. Research and development of physical and natural sciences;
5. Higher education;
6. Human health activities.
As had already been mentioned by the Minister of Economy, there is a transitional regime“for the purposes of applying this regime to income earned in the year 2024”, which allows anyone who becomes resident in Portuguese territory this year to submit an application for registration and communicate the changes until March 15, 2025.
In this first year of operationalization of IFICI+, the Interested parties can then register until March 15thbut in the future the deadline for registration will be January 15th (for those who became residents in the immediately previous year).
