The End of Portugal's Non-Habitual Residence (NHR) Program Announced

[tommigun (Tommy Gunn)]

@edandmegan

However, irrespective of NHR, wages earned in US are “fully” taxed. This could be an issue for me for 2024.

a. If I qualify as a “high value occupation”, my wages would be taxed at a flat rate of 20%.
b. If I am not a “high value occupation”, my wages are taxed along PT’s progressive marginal rate scale (capping at 48% for wages over ~€78,500)

Must confess I have not studied the US/PT DTAA.
But if it’s not dissimilar from the UK/PT DTAA, then PT is not going to tax the US wages if they were already taxed in the US (at source or otherwise). If the person performs their work physically in PT, then they must be taxed in PT, but if they are already taxed in the US, then how are they going to be untaxed in the US and retaxed in PT? I don’t think this is going to happen.