Americans Rush to Portugal Ahead of Changes to Expat Tax Breaks

Americans are rushing to Portugal to get ahead of changes in tax policy that will eliminate financial benefits for expats who relocate to the country.

An end to tax breaks for so-called “non-habitual residents” in Portugal, announced by the prime minister in October as part of a broader push to address the country’s housing crisis, has led to a surge of Americans filing for tax residency.

Portugal attracted a flood of expats in the pandemic, thanks to cheaper property prices, a warm climate and beneficial tax and visa programs. But political pressure tied to rising housing prices has fueled a recent ...