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