March 2020 Budget Announcement - Changes

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MrBife
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Joined: Tue Apr 16, 2019 7:49 pm

March 2020 Budget Announcement - Changes

Post by MrBife » Thu Apr 02, 2020 6:51 pm

Some newly published information (March 2020). If you become a tax resident of Portugal during 2020, you have until 31 March 2021 to register for NHR, and to avoid the 10% tax on your pension income. There are no changes for those who held NHR status before the law went into effect on 31st March.

The published law: https://dre.pt/web/guest/pesquisa/-/sea ... ils/normal

The info that relates to the 10% pension tax is Artigo 72. Item 12a
Info on when it applies and who it applies to - Artigo 329. Items 2 to 5

Suggest you copy and paste into the Translation APP of your choice, Chrome browser offers to translate (but uses Brazilian Portuguese).
To use European Portuguese, go to www.bing.com/ or Google Translator. Select Portuguese (Portugal) for the left hand box and English for the right.
Paste the URL into the left hand box. Clicking on the URL in the right hand box opens the translated site in a new tab.
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