Changes to the preferential tax regime were approved by the Portuguese Parliament in December 2023.
For which categories of persons will the preferential tax regime continue to apply?
First, these are persons who are already registered as non-permanent residents on the date of entry into force of the new law, provided that the 10-year benefit period has not been exhausted. Also persons who were already tax residents of Portugal on December 31, 2023.
Individuals who became resident for tax purposes before December 31, 2024 and apply for the NHR regime and meet certain criteria are also eligible for benefits. The criteria include the presence of a previous employment contract, employment contract or secondment contract concluded before December 31, 2023, with the performance of duties on the territory of Portugal; concluded lease agreement or other agreement granting the right to use or own real estate in Portugal until October 10, 2023; a signed reservation agreement or promissory note agreement for the acquisition of ownership of real estate in Portugal by October 10, 2023; and some others.
Family members of taxpayers mentioned above also fall under the preferential tax regime.