Non-Habitual Resident (NHR) regime closed to new applicants

The 2024 State Budget (Lei do Orçamento do Estado para 2024) ended the Non-Habitual Resident tax regime for new applicants from 1 January 2024. NHR offered a flat 20% rate on qualifying Portuguese-source professional income and partial or full exemption on foreign-source income for ten years. Transitional rules allowed applications during 2024 for those meeting specific pre-2024 residency / employment-contract criteria. Existing NHR beneficiaries retain their status for the remainder of their ten-year period.