WEBINAR - Updates on changes to Portugal's Non-Habitual Residents Tax Regime

After much speculation and the possibility of Portugal’s NHR tax regime shutting abruptly on 31 December 2023, the Portuguese government has just announced a transitional period for non-habitual resident (NHR) applications that will run from now until 31stDecember 2024, if by 31 December 2023 the applicant is considered officially registered as tax resident in Portugal and applies for NHR thereafter. It is therefore important to take action prior to 31 December 2023.
This welcome clarification comes after weeks of uncertainty and will reassure those who had planned to move full time to Portugal in the near term under the NHR that they can still apply in the coming weeks for the programme and take advantage of this very attractive tax planning option.
Currently the Portuguese NHR regime offers significant tax breaks for certain groups moving full time to Portugal, including workers, investors, retirees, and digital nomads.
However, uncertainty still surrounds the changes that may be made to the NHR regime since national elections will be held in Portugal on 10th March 2024 and the incoming government may then revise the NHR programme again.
Nuno Santos @ CMS
[e-mail] | [phone] | cms.law/en/prt/
Mark Penney @ SunCap Visa
[e-mail] | 07781 125055 | suncapvisa.com/
Maria Alvarez @ Vida Advisors
[e-mail] | [phone] | vida-cap.com/
Our next live Moving to Portugal Show & Seminars will take place on 14th March 2024, at the Pestana Chelsea Bridge Hotel, London SW11 8AE from 10.30 - 19.30 GMT
Why not come and see us in person?
To register to attend the Show, please check: www.eventbrite...