Tax options in Portugal following the 2024 budget
Portugal became a hot spot immigration destination in recent years, thanks to great beaches, fresh food, lovely people and also tax breaks and a relatively easy VISAs to obtain. The D7 and D8 visas in particular are very popular with expats and digital nomads.
However, on 2 October, 2023, the Prime Minister of Portugal dropped a bomb - the famous NHR program will be scrapped in 2024. Since this explosive announcement, the same Prime Minister resigned, but after the decision has been made to allow the budget to pass, the likely outcome remains the removal of NHR at the end of 2023, with some transitional arrangements.
There has been an enormous amount of speculation and over 2,000 amendments to the budget. As always, FRESH PORTUGAL follows developments closely and we set out this webinar to report on the final outcome of the budget-law.
1. Is NHR really over?
2. What can be done if anything to still enjoy the benefits?
3. What replaces NHR and do attractive tax benefits remain?
4. Should you start rushing to Portugal?
5. If you are already rushing to Portugal, should you stop?
These and many other questions will be covered in this discussion which will bring together some of our best experts.
December 4, 2023 5:00 PM Portugal Time
Host + Tax Lawyer (UK, international)
Tax Lawyer (Portugal)
Senior immigration advisor (PT)