Can we request the Government to extend the NHR for one more year for applicants of Golden Visa. We applied for the Golden Visa because we were promised a low tax regime. Had the approvals come on time we could have registered this year.
Who should we approach to raise a voice on our behalf.
I will start by asking Mercan to request on behalf of their investors.
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As well as doing that, if itās really important for you and youāve already applied for GV, you could visit PT before year-end, take out a very cheap rental property, register for tax there and apply for NHR this Decemberā¦
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I mentioned something similar above in this post:
I agree that we should run a campaign as was done earlier this year when changes were enounced on the new Golden Visa rules. We should request for an extension for GV investors by one/two years for applying for the NHR program.
Can we request for support from
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That is correct. You need to be a tax resident in 2023 in order to be eligible at all. By Mar of 2024 you need to apply for NHR status and get the clock ticking.
Has anyone determined what the tax consequences are in 2023 if you apply for tax residency now? Since there are only 2.5 months left.
Does Portugal treat your entire annual income as taxable (subject to exemptions and limitation of the dual tax treaty)? or just the income earned in the last 2.5 months?
Yes, everything can be done online and there are explicit instructions step-by-step on Bordr for both EU and non-EU residents.
Iād double check this but Iām pretty sure Portugal has the concept of being tax resident for part of the year.
However, I donāt know whether they take into account your income from earlier in the year when determining your local tax rate (like e.g. Germany does) so that you wonāt start at the lowest progressive tax rates. However, with the NHR that should in most cases be a moot point anyway.
Yes, they do have a part year resident, I was just wondering about the income that is taxed. It could have pretty serious ramifications if you had capital gains from earlier in the year, or bonuses that paid out in the first half of the year etc.
I applied and received NHR in 2022 after I arrived in PT in April that year (I donāt have a GV yet).
I submitted my PT tax return for the full-year 2022 detailing my WW income, but only PT sourced income after I arrived, with the intention of residence, was taxedā¦
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As in my case you wonāt be liable for gains or income prior to your arrival for taking up residence.
Ensure, if you visited PT earlier in the year I.e. on holiday or as part of the visa process, that this was a holiday ( you stayed in a hotel & returned home immediately) rather than part of your permenant residence (ie you stayed in your own home & just travelled around Europe)
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Thanks that is good to know
Any āfirst worldā countries want retirees? I should have clarified.
Oh fine, now you put restrictions on the statement 
Does Italy count as first-world? Some might argue against depending on where you are.
People have been retiring in the south of France for forever. Not too hard.
Spain?
Lots of places have various programs for moving there to retire, assuming independent means. āInternational Livingā magazine is actually a good resource for this kind of migration; thereās a lot of fluff and positivity but the information is there. (They are honest in their positivity though - they have written in their magazine about their cant and why they do it, which I respect.)
Portugalās problem IMO is more that it got ādiscoveredā and everyoneās flocking there, creating a point load thatās more than a small country like that can bear, along many dimensions. France and Italy and Spain have been popular destinations for retirees for forever and have much more capacity to absorb the flow.
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Hello. I uploaded title deed (escretura) of my house and ask change my address to Portugal.
I did through e-balcao acesso.gov.pt as described in this topic.
For two weeks is still no answer from AT. How many days that changes take normally? If no answer would say for 2 weeks, is it better to go to Financas office and change my address in person?
Thank you
I did a similar address change more than 8 (calendar) days ago. Still stuck in same āregistadaā state it was when first lodged:
Perhaps this is standard PT Government efficiency. Or more likely Costaās 2-Oct. NHR comments to CNN unleashed a torrent of address updates. And now AT are buried in them, or maybe have been told to sit on them (like what seems to happen with GV processing upon every new uncertainty of what the rules are today).
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Just to share that I know a few people who were able to get their NIF address updated online in the last week or so (prompted by the recent NHR news).
It took them a couple of days from request to decision, and the receipt of their new NIF papers.
They already had their PT residence permits though, so was no need to upload any escrituras.
Perhaps the review of escrituras takes longer.
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Possibility of a transition period for NHR applications for people who have a pending application at SEF.
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Well, thatās potentially some good news!
Funny/not funny update from our advisors on using ATās online service to change your tax address:
āUpdate on the change of residence: apparently, e-balcĆ£o simply ignores Madeira, so we are back to the in-person option.ā
So if your new home is in Madeira (and maybe the Azores too), seems you need to go old school on this.