Portugal has published Ordinance No. 352/2024/1 of 23 December 2024 in the Official Gazette, which regulates the new tax incentive for scientific research and innovation (incentivo fiscal à investigação científica e inovação - IFICI) that was introduced as part of the Budget Law for 2024. As previously reported, the IFICI provides a special tax rate of 20% for 10 years on the net income of individuals from specified activities (jobs) who become tax residents in Portugal and were not tax residents in the previous five years, as well as an exemption on foreign-sourced income. To qualify, individuals must work in...