Introduction Running a successful business requires efficient financial management, particularly regarding bookkeeping services. Finding reliable and comprehensive bookkeeping services is crucial in Madeira Island, where businesses flourish amidst a backdrop of...
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CEAL – Extraordinary Contribution on Local Accommodation
In 2024, local accommodation establishments must pay a new tax called the "Extraordinary Contribution on Local Accommodation [alojamento local]" (CEAL). As part of the "Mais Habitação" programme (Law no. 56/2023, of 06/10), which introduced several legal changes to...
The New NHR Regime in 2024: A Comprehensive Overview
Introduction to the NHR Regime Portugal's non-habitual resident (NHR) tax regime has long been a popular choice for individuals looking to benefit from favourable tax incentives. However, recent developments have led to significant changes in the regime, with the...
The New NHR: Non-Habitual Residents in 2024
The NHR, as it has been understood for several years, is set to expire on December 31, 2023. In its place, a new regime will take effect on January 1, 2024 (with some stakeholders already calling it "NHR 2.0", "the New NHR"), which will mirror the majority of the...
UPDATE: The End of the NHR and the Beginning of the “New NHR”
Following up on previous communication regarding the proposed cancellation of the Non-Habitual Resident (NHR) program by the Portuguese Government in FY2024, we have obtained some critical insights upon the presentation of the State Budget Bill for FY2024 by the...