With the 2020 Budget Law published today, the Portuguese legislator has implemented the abolition of the tax exemption for category H income derived from abroad, which includes in particular pensions and annuities. Instead, these are now subject to taxation at a special rate of 10%.

Order No. 12/2010 of January 7, which lists the professional activities that the legislator considers to have a particular scientific, technical or artistic added value, was substantially amended by Order No. 230/2019 of July 23, effective January 1, 2020. The professions concerned are now essentially specified by reference to the Portuguese Classification of Professional Activities…