Portugal’s 2024 State Budget: Ends NHR Regime and Introduces a New Tax Incentive

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The Portuguese Parliament today voted in favor of the 2024 Budget Law, effectively terminating the Non-Habitual Resident (NHR) tax regime.

The new law introduces a rule to uphold legitimate expectations and introduces an innovative incentive scheme aimed at attracting individuals to Portugal, particularly those involved in scientific research and innovation.

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