Update from 28 November 2023: The Parliament has voted the Budget Law and has approved the end of the NHR and grandfathering regime together with a new incentive regime targeting individuals relocating to Portugal and designed to foster scientific research and innovation.

In an era of increased transparency and global financial scrutiny, the exchange of tax information has become a critical process. To address these challenges, it's imperative to advocate for greater clarity, fairness, and streamlined procedures in the exchange of tax information, offering taxpayers a smoother path through this intricate landscape.

Foi entregue no Parlamento a proposta do Orçamento do Estado para 2024 que prevê eliminar o regime dos RNH para novos residentes a partir de 2024.

NHR Update - Draft Budget for 2024 Released

Law 56/2023 of 6 October 2023 provides for several measures included in the Mais Habitação (More Housing) program. Within this legislation, there are changes to the Portuguese Golden Visa Programme and also some relevant tax changes.

NHR Regime Update in Portugal

An ironic legacy of Covid crisis has been the growth of wealth mobility and there are jurisdictions ready to take a piece of such migration of wealth, such as Portugal.

Kore Partners presents the 2023 summer shortlist of business books.

The new changes represent a relevant shift on the Portuguese Golden Visa Program but not the outright abolishment of the program, as it was initially presented by the Government.

Law 21/2023 sets a new legal framework applicable to Portuguse based startups and scaleups and brings also a new tax regime for gains from stock option plans.

Understanding the implications of private art and figital art for Portuguese tax residents can make a difference, and our private client insight outlines the key considerations from the investor perspective.

The use of Trusts in a civil law jurisdiction like Portugal requires careful review and attention not only to the tax issues. We adress the question of the tax treatment of settlors and beneficiaries of trusts when they come to live in Portugal.

On 16th of February 2023, the Portuguese Prime Minister announced a package of measures addressing housing, which includes closing the Golden Visa regime. This Alert outlines what was announced and what to expect.

Kore January insights is about how some unclear aspects of the taxation of capital gains on financial investments. We use 3 cases where the Arbitration Court favoured with the taxpayers to highlight what we call the struggle between human vs machine.

This Kore insight aims at highlighting some International and European tax developments of 2022 and also some local Portuguese tax developments.

Kore Partners presents the 2022 winter shortlist of business books.

Q&A on the Portuguese new crypto-assets tax regime for 2023 - Portuguese Budget for 2023 includes several rules for taxing income from crypto-assets effective as from 1st January 2023.

Portuguese Budget Proposal for 2023 includes several rules for taxing income from crypto-assets and Kore Partners outline their insights into the background, proposals and practical issues.

Exit tax is a name for tax paid when a person shifts tax residence from the former country of residency to another new country of residence. When a person relocating to Portugal suffers any type of exit taxation levied abroad this may likely raises complex issues, especially with regards interaction with the non-habitual tax resident’s (NHR) regime.

Exit tax is a name for tax paid when a person shifts tax residence from the former country of residency to another new country of residence. When a person relocating to Portugal suffers any type of exit taxation levied abroad this may likely raises complex issues, especially with regards interaction with the non-habitual tax resident’s (NHR) regime.