NHR stands for non-habitual
resident. The #nhrportugal is a
regime created by the Portugal government in the year 2009. In this system
government of Portugal allows citizens from other countries or from EU to live
in that country by paying income tax at a flat rate of 20 % for the first 10
years
The portugal nhr maintains different rules for income from different
sources. For employed people a flat rate of 20 % is applicable so long as the
profession comes under the eligible category of nhr portugal. Self-employed candidates are allowed a flat tax rate
of 20 % or they can opt for progressive rates expecting that the rates arrived
will be lesser. A candidate from a country which has a double tax agreement
with the host country can gain exemption from tax so long as they are engaged
in any of the eligible professions or they are pensioners.
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