What happens when my NHR tax status expires after 10 years?

After 10 years, your NHR tax status expires which means you will transition to Portugal’s standard tax regime. This means you may be subject to progressive income tax rates of up to 48% on worldwide income but there are ways to mitigate this if you plan early in years 1 to 7 by structuring your income and assets so that they are optimised for Portugal. It is important to consult with a cross-border tax and wealth management professional. Portugal Pathways can arrange an initial discovery call with you to better understand your personal situation and give you clarity and peace of mind as early as possible within your 10-year NHR tax status life, as this is key.