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"Non-Habitual Resident Scheme is replaced by a 'stricter' tax incentive - now what?" (with Francisco Castro Guedes)
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Idealista October 16 2023

"Non-Habitual Resident Scheme is replaced by a 'stricter' tax incentive - now what?" (with Francisco Castro Guedes)

"Non-Habitual Resident Scheme is replaced by a 'stricter' tax incentive - now what?" (with Francisco Castro Guedes)

"In the experience of Francisco Castro Guedes, coordinator of the SRS Tax Department, the NHR regime is "especially sought after" by two types of worker profiles:

  • 'high-net-worth individuals': who come to Portugal to live because they find a better quality of life here (including safety and a great climate);
  • professionals who carry out high value-added activities, such as senior executives in companies and tech professionals. "The influx of a younger generation into the technology sector has been particularly noticeable in recent years, given the implementation and standardisation of remote working," he adds.

(...) says that what's at stake is "a small number of homes" and "the circumscription
this issue to urban centres", which "clearly demonstrates that the measure will not resolve the issue of access to housing"."

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