NHR 2.0 – Portugal’s non-habitual resident tax regime
The New NHR (NHR 2.0) offers tax incentives for individuals moving to Portugal from January 1, 2024. It includes a 20% tax rate on income for ten years and various exemptions for eligible professions.
NIF Application
The NIF is a tax ID required in Portugal, with different processes for EU/EEA and non-EU residents. EU residents need ID and proof of address. Non-EU residents need additional documents and a fiscal representative.
Cryptocurrency in Portugal
Portugal’s 2023 budget includes taxation on cryptocurrency. Income from mining, staking, and trading is taxed differently. Gains from crypto held over 365 days are tax-exempt. Losses can offset future gains. An “Exit Tax” applies if leaving Portugal.
