Monday, 4 May 2020

Essentials one needs to know about filing nhr application


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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