What is the NHR?
The Non-Habitual Resident (NHR) regime in Portugal offers attractive tax benefits to foreigners and Portuguese citizens returning to the country. It promotes reduced or exempt taxation on specific categories of income, making it a highly appealing option for individuals seeking tax efficiency.
Comparative Table of NHR Tax Benefits
| Income Category | NHR Regime | General Regime (Without NHR) | NHR Advantage |
|---|---|---|---|
| Foreign Employment Income | Tax exemption in Portugal* | Taxed up to 48% | Complete tax savings |
| Domestic Employment Income | Fixed tax rate of 20% | Taxed up to 48% | Significant reduction in tax burden |
| Foreign Capital Income | Tax exemption in Portugal* | Taxed between 28% and 35% | Elimination of double taxation |
| Foreign Pensions | Exempt or taxed at 10% (depending on treaties) | Taxed up to 48% | Reduction of up to 38% |
| Investment Income | Tax exemption in Portugal* | Taxed up to 28% | Advantageous for investors |
| Capital Gains | Possible exemption, depending on type | Taxed at 28% | Reduction or elimination of taxes |
* Note: Tax exemptions depend on the source country of the income and the application of bilateral tax treaties.
Key Advantages of the NHR
- Reduced Taxation: Exclusive benefits for qualified professionals and expatriates.
- Exemption on Passive Income: Ideal for individuals with foreign investments, pensions, or other passive earnings.
- Bilateral Tax Agreements: Avoid double taxation in many scenarios, enhancing financial efficiency.
The NHR regime stands out as a unique opportunity for individuals looking to optimize their tax burden while enjoying Portugal’s high quality of life. Whether you’re a professional, retiree, or investor, the NHR can provide substantial financial advantages.
Need more information? Reach out to learn how to leverage this regime to its fullest!
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