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NHR 2020

NHR status : Portuguese government decides to tax retirees at 10% IRS and abandons the minimum amount of 7,500 euros

NHR status : Portuguese government decides to tax retirees at 10% IRS and abandons the minimum amount of 7,500 euros

Could this be the end of a long soap opera? In fact, the Portuguese Socialist Party has decided to go ahead with its ambition to reform the status of non-habitual resident, and this this year through the Portuguese state budget 2020. The bill indicates that future retirees benefiting from non-habitual resident status will no longer have the right to a total tax exemption and will have to pay a tax of 10% on foreign pensions. The idea of ​​applying a minimum amount of 7,500 euros was not retained. This proposal is likely to be adopted this year as the forces inciting a modification or even a cancellation of the NHR statute are strong. Lisbob, the expatriate assistant in Portugal, tells you all about the changes in NHR status.