Following our previous article on the rise of Portugal as a startup hub, CMS Rui Pena, Arnaut & Associado are now telling you about the Portuguese Non-Habitual Residents Tax Regime. This special tax regime (i.e. tax reduction and tax exemption) is applicable to non-resident individuals who decide to become Portuguese tax residents. Hope it’ll inspire some of you to consider this beautiful country as their new home!
CMS Rui Pena & Arnaut, a law firm dating back to 1964, is the Portuguese representative of CMS, a Top-Tier Global Law Firm. With presence in 39 countries and 70 offices. 4,500 CMS lawyers offer business-focused advice tailored to the needs of their customers, wherever they are.
As a trusted partner of CMS, Beeleev has been benefiting a lot from the previous resources they shared. In today’s article, you will find an executive summary of the Portuguese Non-Habitual Residents Tax Regime which, in general terms, provides:
- A reduced Personal Income Tax (“PIT”) rate of 20% applicable to employment income as well as to self-employment income, deemed to be obtained from Portuguese source on high added value activities;
- An exemption method regime applicable to foreign source income, provided that certain conditions are verified.
You can download the paper here for free for more details.
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