NHR Status – Law Update

Home | Investment | NHR Status – Law Update

NHR Status – Law Update

by | Thursday, 29 August 2019 | Investment

NHR Status – Law Update

An update on the NHR status has occurred through a Minister of Finance’s Ordinance 230/2019, published today, has approved a revision of the list of jobs deemed as high-added value and therefore subject to a flat tax rate of 20% under the Non-Habitual Resident status. As high-added value jobs the Portuguese Government has decided to add to the list the following professions:

  • General Manager and Executive Manager of Companies
  • Directors of administrative and commercial services
  • Directors of production and specialized services
  • Hotel, restaurant, trade and other service directors
  • Market-oriented farmers and skilled agricultural and livestock workers
  • Skilled, market-oriented forest, fishing and hunting workers
  • Skilled workers in industry, construction and craftsmen, including in particular skilled workers in metallurgy, metalworking, food processing, woodworking, clothing, crafts, printing, precision instrument manufacturing, jewelers, craftsmen, electrical workers and in electronics.
  • Plant and machine operators and assembly workers, namely stationary and machine operators

Nevertheless, workers in above-mentioned professional activities must have at least European Qualifications Framework qualification level 4 or International Type of Education Classification level 35 or hold five years of duly proven professional experience. Under the current list the following jobs no longer qualify for the 20% flat income tax rate: architects and tax consultants. This update to the NHR status and high-added value jobs aims to attract a new set of skills to Portugal. For more information on this matter please contact us at www.mcs.pt or through management@mcs.pt.

Other Articles

Tax Representative

Tax Representative

Under Portuguese Tax Law (applicable to the Autonomous Region of Madeira), one is required to appoint a tax representative when registering as a non-tax resident in Portuguese territory by indicating a residence in a country that is not a member of the European Union...

Our Newsletter

Join our mailing list and get the latest information about incorporating in Madeira (Portugal), Expat Services and Vessel Registration.

Need Help?

Should you have any questions about us and our services, please do not hesitate to contact us.

Contact Us

Other Articles

Tax Representative

Tax Representative

Under Portuguese Tax Law (applicable to the Autonomous Region of Madeira), one is required to appoint a tax representative when registering as a non-tax resident in Portuguese territory by indicating a residence in a country that is not a member of the European Union...

Tax Deductions and Personal Income Tax

Tax Deductions and Personal Income Tax

Generally speaking, those qualifying as residents, for tax purposes, in the Autonomous Region of Madeira (or any part of Portugal) are entitled to tax deductions based on some of the expenses they incurred and provided the invoices concerning these expenses hold their...

Want to talk with us?

Should you have any questions about us and our services, please do not hesitate to contact us.