25 things you may not have known about Portugal's Non-Habitual Resident (NHR) program скачать в хорошем качестве

25 things you may not have known about Portugal's Non-Habitual Resident (NHR) program

Portugal's NHR program was introduced in 2009 to attract foreign investment and high-net-worth individuals to Portugal. NHR is a tax regime that provides significant tax benefits to individuals who become tax residents in Portugal. To be eligible for NHR status, individuals must not have been a tax resident in Portugal in the previous five years. Once granted NHR status, individuals are entitled to a flat income tax rate of 20% on eligible income for a period of ten years. Eligible income includes income from employment, self-employment, pensions, dividends, and capital gains from the sale of shares and real estate. Income from foreign sources may be exempt from Portuguese taxation under certain circumstances. Portugal has signed double taxation treaties with over 70 countries to avoid double taxation on income earned in both Portugal and the individual's home country. NHR status may be revoked if the individual spends more than 183 days in any other country in a given tax year. Portugal's NHR program has been criticized by some EU countries for being a form of tax competition. In 2020, Portugal made changes to the NHR program, including increasing the minimum tax rate from 7% to 10% for pension income and dividends. The changes also introduced a cap on the amount of tax that can be saved under the NHR program. To apply for NHR status, individuals must register with the Portuguese tax authorities as tax residents. NHR status may be granted within 90 days of the application being submitted. NHR status is not automatic and is granted on a case-by-case basis. To maintain NHR status, individuals must spend at least 183 days in Portugal each year. NHR status may be extended for an additional five years after the initial ten-year period. The NHR program is available to EU and non-EU citizens alike. Portugal's stable political and economic environment, as well as its favorable tax regime, have made it a popular destination for retirees and digital nomads. In 2019, the NHR program was responsible for bringing in over €500 million in tax revenue for Portugal. The NHR program has also been credited with boosting the Portuguese real estate market. NHR status may be granted retroactively, allowing individuals to benefit from the program for income earned in previous years. NHR status may be combined with other Portuguese tax incentives, such as the Golden Visa program for non-EU investors. Individuals who receive income from intellectual property, such as royalties or patents, may also be eligible for the NHR program. Portugal's NHR program has been ranked as one of the best residency programs in the world by various international publications. The NHR program has become increasingly popular in recent years, with over 27,000 individuals granted NHR status between 2009 and 2019.