White domino game

Expat tax reform in Portugal on hold after PM’s resignation, snap election being discussed

A lot of things will be up in the air for a while after the sudden resignation of Antonio Costa.

Antonio Costa’s resignation this week over allegations of corruption in lithium mining and hydrogen power in Portugal is stirring up several government processes, including those affecting foreigners hoping to live here under the non-habitual resident tax regime.

“Portugal’s expat tax reform and privatisation plans have been put on hold in the wake of prime minister António Costa’s shock resignation over a sprawling corruption encompassing lithium mines,” The Financial Times writes.

Previously: Portugal to end its non-habitual resident tax regime

Portugal’s tech boom challenged by tax change

Meanwhile:

“It is up to the conservative president to decide whether to allow the Socialist Party (PS), which has a parliamentary majority, to form a new or interim government, or to disband parliament and call an election,” Reuters writes.

And more on the lithium mining that’s apparently at the heart Costa’s resignation, or so it’s been presented thus far.

“Portugal’s lithium reserves are considered central to Europe’s increasing demand for electric cars, but exploration projects have faced opposition by some locals,” BBC writes.

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