The Portuguese government plans to reintroduce tax incentives for non-habitual residents as part of a broader economic stimulus package. This initiative aims to support companies and the economy, being the focus to attract foreign professionals by offering a fixed rate of 20% income tax rate on salaries and professional income, excluding dividends, capital gains, and pensions, according to Miranda Sarmento, an economist.
Portuguese Finance Minister revealed that this measure is designed to high valueadded Professionals to the country as part of a package of measures aimed to support economy growth. The reintroduction of the non-habitual resident regime is expected to play a key role in this strategy.
Additionally, the government will present gradual reduction measures to stimulate the economy, including a reduction in corporate income tax reducing it by two percentage points per year, up until it reaches 15%. This comprehensive package demonstrates the government’s commitment to fostering a more attractive business environment.
OportoAccounting, an accounting and payroll firm in Portugal can assist you by providing additional information on the new expected NHR tax program.
