Guide to Portugal's Non-Habitual Residency (NHR)

Thanks for this concise and informative review of the NHR program. A question please regarding the 10% tax on (foreign) pensions: I understand that as an American citizen my company pension will remain taxable under U.S. law no matter where I reside. However, if under NHR I become a Portuguese tax resident I will also be subject to the 10% Portuguese tax. My question is this: As Portugal and the U.S. have a tax reciprocity treaty in effect, will the 10% tax paid to Portugal become a tax credit against my U.S. IRS taxes payable? Many thanks again, Charles

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