Portugal considers bill to abolish advantage for BraziliansEnter text to translate.Drag and drop a PDF, Word (.docx) or PowerPoint (.pptx) file into this box to translate it using our document translator.
RNH, but also about a possible replacement with the law's more stringent regime and a transitional regime for applications already made.
"An additional restriction that could be added is the complete termination of the RNH benefit, with the possible introduction of a transitional regime, especially for those cases where the deadline for filing an application with the tax authority exceeds December 31 due to the delay of the extinction of the Foreign and Border Service (SEF), now the Agency for Integration, Migration and Asylum (Aima), and other bodies," commented Marcelo Rubin, lawyer and co-founder of Club Passepartout.
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Portugal: How to Terminate the RNH''Will Brazilians be affected? The RNH provides reduced taxation that prevents the taxation of income earned in Brazil, as well as offering a low rate on professional income and a tax exemption on dividends earned outside of Portugal, for example. With the end of the law, these and many other benefits that are being reviewed will affect not only Brazilians who want to move to the country in search of residency, but also clients from the United States, Mexico, Asian countries and the Middle East. It should be noted that the RNH does not directly affect foreign workers with a work visa in the country, nor does it affect Brazilians who already hold an RNH. Those who applied for the benefit this year and already have it''received, will be able to use it for 10 years. In the case of Brazilians who have applied for the RNH and have not yet received it, it is necessary to wait for the final vote to determine how to proceed in these cases. Because of the delays, there is a possibility that the application will not reach the tax authority before December 31. The meeting will discuss "the state's budget proposal to eliminate this and will also discuss the transition period. Because because of the delays, a person may not always reach the taxing authority by December 31, so there will also be a discussion of this 'early stay period,'" Rubin said.
Portugal is facing a housing crisis. High property prices are criticized by the population and the government is looking for measures that''will reduce this problem. ' They see the RNH as one of those problems because it makes it easier for foreigners to move to Portugal and buyreal estate there.
Portugal: How will ending the RNH affect visa processing?
The termination of the RNH could really affect', Rubin says. 'visa processing, however "this will have a particular impact on those for whom the main reason for moving to Portugal was RNH and tax benefits". Work and student visas are not specifically related to RNH and therefore should have no impact. However, in the case of the D7 visa, aimed at retirees and passive income earners, and the Digital Nomads visa, aimed at remote workers, could be at risk as they attract higher income earners. "I would probably point to the D7 visa. I think it could be particularly impacted, as well as the digital nomads visa, because they are designed for people of higher financial ability. I think it would be affected because applicants for the D7 visa, often (but not always) pursue tax''the benefits of the RNH regime'," he says. However, even with the end of the RNH, "it's not enough for a person to give up on moving to Portugal" as "many people don't consider or even notice the tax benefits and have other reasons why they want to move to Portugal".
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