Taxation

THE GOVERNMENT PRESENTS A PROJECT TO REFORM THE STATUS OF NHS

&amp;NewLine;<h2 class&equals;"wp-block-heading">The Portuguese government presents its project to reform the status of RNH<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>We told you about it&amp;comma; a few days ago&amp;comma; the <span style&equals;"text-decoration&colon; underline&semi;"><strong><a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;le-statut-de-rnh-pour-les-retraites&sol;" class&equals;"rank-math-link">rumors<&sol;a><&sol;strong> <&sol;span>announced that the Portuguese government was considering a reform of the status of non-habitual residents&amp;period; This rumor was confirmed yesterday&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The PS has presented a proposal to amend the 2020 budget, which provides for the end of tax exemption for foreign pensioners living in Portugal, but this only applies to new applicants;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">The NHN Reform Project<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>the Socialists want to put an end to the IRS exemption currently enjoyed by foreign pensioners living in Portugal. <a href&equals;"https&colon;&sol;&sol;eco&period;sapo&period;pt&sol;2020&sol;01&sol;27&sol;ps-quer-por-pensionistas-estrangeiros-a-pagar-irs-taxa-de-10-so-se-aplica-a-quem-chega-agora-a-portugal&sol;">state budget for 2020<&sol;a>&amp;comma; <strong>presented this Monday<&sol;strong> by the PS&amp;period; An IRS rate of 10&amp;nbsp&amp;semi;&amp;percnt; should be applied to these pensioners&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>For the record&amp;comma; the regime for non-habitual residents &amp;lpar;RNH&amp;rpar;&amp;comma; which was created in 2009 and allows foreign pensioners to escape taxation both in their country of origin and in Portugal&amp;period; For some years now&amp;comma; the PS has wanted to put an end to this tax exemption by proposing the application of a tax rate of 10&amp;nbsp&amp;semi;&amp;percnt;&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<div style&equals;"height&colon;20px" aria-hidden&equals;"true" class&equals;"wp-block-spacer"><&sol;div>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>"&amp;ThinSpace;Non-usual residents of Portuguese territory will be taxed at the rate of 10&amp;nbsp&amp;semi;&amp;percnt; in relation to the net income of their pensions&amp;ThinSpace;"&amp;comma; reads the proposal presented to the Assembly&amp;period; Non-usual foreign residents will no longer be exempt from taxes and will pay 10&amp;nbsp&amp;semi;&amp;percnt; of IRS&amp;ThinSpace;"&amp;comma; confirmed Ana Catarina Mendes&amp;comma; at Monday afternoon's press conference&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Not everyone is affected by HNI reform<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The SP, on the other hand, suggests that this rate should only be applied to new applicants&amp;comma; <strong>i.e. tax exemption should be maintained for non-habitual residents already registered as such with the tax and customs authorities, or whose application has already been submitted&amp;period;<&sol;strong> <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Foreign residents who apply before March 31, 2020 or 2021 &amp;lpar;<strong>this subject is still rather vague<&sol;strong>&amp;rpar;&amp;comma; will still be able to benefit from the respective conditions in 2019 and 2020&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<hr class&equals;"wp-block-separator has-text-color has-background has-vivid-red-background-color has-vivid-red-color"&sol;>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Of course&amp;comma; we'll keep you informed of developments in this reform of the RNH&amp;period; There's still time to <strong><span style&equals;"text-decoration&colon; underline&semi;"><a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;expatriation-au-portugal&sol;demande-de-rnh&sol;" class&equals;"rank-math-link">finalize your decision and benefit from the 10-year tax exemption<&sol;a><&sol;span><&sol;strong>&amp;period; <&sol;p>&amp;NewLine;

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