Portugal and the United Kingdom have signed a new double taxation agreement, putting an end to the tax uncertainty that has affected thousands of citizens and businesses since Brexit. The goal? To prevent people and companies from being taxed twice on the same income.
The agreement was formalized in London between Portuguese Minister Paulo Rangel and his British counterpart Yvette Cooper. It also includes a deal for the exchange of confidential tax information, strengthening the fight against tax evasion.
In addition to bringing more clarity and tax fairness, the agreement is expected to breathe new life into investment and bilateral relations. Now, both countries must formally ratify it before it comes into effect.
Great news for those who live, work, or invest on both sides of the Channel.
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