Portugal's NHR 'might be phased out' in one year's time amid new direction of travel

clock • 6 min read

Yesterday (15 November) it was announced in the Portuguese press that the NHR system might be phased out in one year time, meaning that expats might have until December 2024 for apply for the tax scheme.  This extension on the deadline is still to be confirmed and approved by the same government, says Joana Mendonça, Head of Legal at Global Citizen Solutions. The year 2023 has proven to be particularly interesting for Portugal, marked by the discontinuation of the Golden Visa real estate program, a potentially significant shift in its expat fiscal initiatives, and, more recently, a polit...

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