When should someone already on the NHR tax system start planning before the 10-year exemption finishes to avoid higher tax rates?
If someone is already on the Portugal Non-Habitual Residency (NHR) tax system, it is advisable to start tax planning at least 5-6 years before the 10-year exemption period finishes. This is because the end of the exemption period will significantly change the individual's tax status, and proper pre-planning is essential to avoid any unexpected tax liabilities. It's important to consult with our experts early to avoid serious tax consequences.
Talk to our expert team, so that we can offer personalised support to meet your specific needs.