It has now been finalised the changes on the RNH status.

The changes approved by the Portuguese Parliament State Budget 2020 are as follows:

  • A rate of tax of 10% on foreign pension applying to new NHRs with no minimum tax.

  • NHRs acquiring the status before the law comes into force would benefit under the existing rules. This means individuals already benefiting from the status will keep in full their current benefits until the end of the ten year period;

  • Consequently, existing NHRs would be under the existing legislation;

  • Existing NHRs could choose to have the new rules applied to them.

  • The new rules also may broaden the definition of income, previously treated as salary, which can benefit from the 10% rate.

  • These rules also open up the possibility of applying under the existing rules if, at the date of entry into force of the new law:

  • The NHR application has been submitted and is still pending; or

  • The applicant can be considered as a tax resident for tax purposes and if this applicant submits the NHR application on or before

31st March 2020 (for the tax year 2019) or before 31st March 2021 (for the tax year 2020).

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