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Country vs country

Portugal vs Italy

Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.

PortugalItaly
Personal income20% / 0%€300k flat
Company tax20%24%
Minimum days183183
Cost of residencyMediumExpensive
Tax on €150,000 a year€0€300,000
Monthly cost for one person, rent included€2,025€2,350
In the EUYesYes
Spanish blacklistNoNo
Crypto gains28% on crypto held under 365 days; gains on crypto held 365 days or more are exempt.From 2026 crypto gains taxed at 33% (was 26%), no EUR 2,000 exemption. Option to step up value paying 18%.
PensionOld NHR 10% closed to newcomers; new IFICI regime excludes pensions, so progressive rates up to 48% apply. About 20% effective.Foreign pensioners moving to southern towns under 20,000 inhabitants can opt for 7% flat on foreign income for 10 years.

Who wins

  • Less tax: Portugal
  • Cheaper to live in: Portugal
  • Fewer days required: Tie
  • Easier to settle in: Portugal

It depends on your case: your nationality, the country you leave and how you earn your money change the answer.

Ask which one suits me →Compare