The tax regime for non-habitual residents will be reintroduced, through an ordinance, so it will not be necessary to go through parliament, the Minister of Finance said today.
At stake is a new regime for attracting talent, dubbed IFICI+, which is one of the 60 measures presented today by the government in the package to boost the economy, and is based on the old regime for non-habitual residents.
“The previous government, in the State Budget for 2024, created a rule in the tax benefits statute,” recalled Joaquim Miranda Sarmento, at the press conference after the Council of Ministers, while the executive will now regulate the measure through an ordinance.
“We are going to regulate this rule through an ordinance, covering exclusively category A and B income, which will now have a rate of 20% for non-residents who become resident in Portugal and who have not been resident for the last five years and are not currently benefiting from the previous regime that was created in 2009,” said the Finance Minister.
The Finance Minister had already spoken about this measure in an interview with the Financial Times, published today, where he signaled that “it will exclude dividends, capital gains and pensions, which was a problem between Portugal and countries like Finland or Sweden.”
Government approves gradual reduction of corporate income tax rate to 15%
