NHR -Non Habitual Tax Residency extended and still available

PS extends transitional regime for non-habitual residents.

The proposal for amendments to the State Budget presented by the PS gives people who register as tax residents in 2024 the possibility of still benefiting from the tax regime for non-habitual residents as long as they can prove that they have prepared their move during 2023.

Taxpayers who become residents for tax purposes by 31 December 2024 will still be able to benefit from the Non-Habitual Residents (NHR) regime, which the proposed State Budget for 2024 has put an end to. To do so, they will have to demonstrate that they were already preparing to come in 2023 by showing, in particular, an employment contract, a rental contract, a promissory contract for the purchase and sale of a property or the enrolment of their children in Portugal.

Source: Jornal de Negócios online