NHR Tax Breaks Are ENDING! Shutdown of the NHR Tax Regime in Portugal

NHR Tax Breaks Are ENDING! Shutdown of the NHR Tax Regime in Portugal - updates, financial outlook & application deadline information from legal experts...

In this session, we cover the important announcement made by the Portuguese government regarding the termination of the Non-Habitual Resident (NHR) tax scheme.

Those benefitting from the NHR scheme are able to enjoy paying lower taxes or in some cases, tax exemptions & has therefore been an attractive proposition for many when deciding on where to relocate or retire. For those for whom it can apply, as it stands, it is still possible to apply for this status, but if all goes ahead with the scheme’s withdrawal, time is running out.

Dr. Daniel Reis from Reis & Pellicano International Lawyers & Gilda Pereira from Ei! Migration Agency join us to bring their perspectives on this sudden & unanticipated announcement.

Contacts
Ei! Migration Agency - https://expatsportugal.com/business-d...
Reis & Pellicano International Lawyers - https://expatsportugal.com/business-d...

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00:00 Introduction
06:44 What exactly is the NHR - Non-habitual Resident tax regime??
08:38 Opinion on the political situation
10:00 NHR tax rates & exemptions
11:45 Double taxation treaties
13:45 Tax impact on digital nomads
16:36 Who can benefit from a 20% flat tax rate?
18:18 Application deadlines to qualify for the NHR
20:40 Without the NHR how will capital gains & rental income be taxed from "blacklisted" countries such as the UAE?
23:37 Can you apply for the NHR before your D7 visa is approved?
27:13 Impact on processing times for visa applications
29:07 Will applying for a visa through the CPLP route be quicker? Community of Portuguese Language Countries
29:28 Do you need to pay taxes in Portugal when selling US property in 2024?
31:01 Can you apply for NHR if you have had your SEF appointment, but do not have a residency card?
31:21 Taxes on capital gains if only one spouse is moving to Portugal
33:21 At what point are you considered to be a tax resident and begin to submit tax returns?
34:38 Is the government likely to launch a similar, but new tax scheme in place of the NHR
36:41 Is it quicker for the spouse/partner of an EU passport holder to obtain residency?
38:08 At what point can you apply for NHR in the D7 application process?
40:07 Does the address on the NIF (Portuguese tax number) need to be changed to an address in Portugal before applying for the NHR?
40:46 How is tax residency defined in the law?
44:19 What happens if I have NHR, but leave Portugal for an extended period of time?
46:07 Is the NHR also ending for those already registered?
46:54 Summary & final thoughts