For those still trying to decide between ‘old’ and ‘new’ NHR before end-March, (if the following is correct) this could impact your choice if you planned to retire in the next 10 years…
- Annual Confirmation:
- The Portuguese tax authorities will confirm the NHR 2.0 status annually by 31 March.
- Taxpayers must maintain records demonstrating that they carried out the qualifying activity and generated the corresponding income during the applicable years and provide this evidence upon request to benefit from the respective tax advantages.