The END of NHR in Portugal?
There have been recent concerns regarding the NHR (Non-Habitual Resident) tax regime in Portugal. The Portuguese Prime Minister, Antonio Costa, mentioned in an interview that the NHR might be coming to an end, causing panic among potential expats and those interested in Portugal. The NHR is not a permanent tax status, and for some may not be worth being concerned, however others may find this could significantly impact their interest in Portugal. The current NHR regime offers an advantageous tax rate for a period of 10 years. While it benefits some, others might find the "regular" Portuguese tax regime more favorable. In this moving to Portugal expat podcast episode of Not Your Average Globetrotter hosted by Rafael Di Furia, we'll look at what to take into consideration with the NHR and these new considerations...