If you claimed NHR tax status between 2020 and 2023, you may face a retroactive audit from Portuguese authorities.
Rejection rates for legacy claims have reached sixty percent due to misclassified pensions and foreign investment income.
Finanças is now assessing back taxes plus ten percent penalty interest for those who incorrectly claimed exemptions.
The new IFICI program is the legitimate successor, offering a flat ten percent tax rate on qualifying investment income.
To qualify for IFICI, you must hold five hundred thousand euros in net worth across stocks, bonds, or funds.
Professional audit defense costs between two thousand and five thousand euros per case to protect your tax status.