For those individuals who also wish to reside in Portugal, a special tax regime for non-habitual residents may apply, which may lead to a more beneficial tax burden. Moving-ON can help you at all stages of the process, helping you work through the necessary paperwork. Last week we looked at how to acquire Non-Habitual Resident Status, this week we’re looking at taxation. Once Non-Habitual Resident Status has been obtained, what is the taxation rate and incidence applicable to domestic source income?
In the case of employment or self-employment, the applicable taxation rate is 20% (with an additional 3.5% surcharge in 2015). Taxation applies to income derived from high added value activities of a scientific, artistic or technical nature:
•Architects, engineers and similar
•Fine artists, actors and musicians
•Doctors and dentists, teachers and psychologists
•Liberal professions, technicians and similar
•Investors, directors and managers, when part of companies covered by the contractual regime provided for in the Investment Tax Code.
Registration as a Non-Habitual Resident confers the right to be taxed as such for a period of 10 years as from the year of registering as a tax resident in Portuguese territory. Contact us for more information on this status at firstname.lastname@example.org