In Portugal, NHR stands for "Non-Habitual Resident"

The State Budget Law Proposal for 2024 is suggesting the full termination of the NHR regime as of 2024. The NHR regime in Portugal is known for offering tax benefits to individuals who become tax residents in Portugal.

If this proposed amendment is passed, it means that the NHR regime will no longer be available to individuals seeking tax benefits as non-habitual residents in Portugal starting in 2024. This change could have implications for those who are currently benefiting from the NHR regime or those who were considering taking advantage of it in the future.

It's essential to stay updated on the developments of this proposed amendment and consult with legal or tax professionals for personalized advice on how this change may affect your specific situation, especially if you are currently utilizing the NHR regime or planning to do so in the future.

Please follow the link for more details:
https://www.martinezechevarria.pt/en/non-habitual-resident-status-proposed-amendment-to-the-law