The proposed State Budget for 2024 provides for the end of the regime and keeps it accessible only to individuals with income resulting from teaching careers in higher education and scientific research or from qualified jobs.
An amendment was approved in specialized session on Monday, broadening the scope of jobs that can benefit from a 20% IRS rate for ten years.
The proposed State Budget for 2024 provides for the end of the RHN regime, keeping it accessible only to people with income resulting from teaching careers in higher education and scientific research or from qualified jobs under the contractual benefits for productive investment of the Investment Tax Code.
This tax incentive for scientific research and innovation will be accessible to people who, having not been resident in Portugal for the previous five years, become tax residents in Portugal and hold jobs “in entities certified as ‘startups'” under the terms of the law.
The tax regime also covers qualified jobs recognized by the Agency for Investment and Foreign Trade of Portugal (AICEP) or by IAPMEI – Agency for Competitiveness and Innovation, as relevant to the national economy, namely in the context of attracting productive investment.
The proposal also extends the regime to “jobs or other activities carried out by tax residents in the autonomous regions of the Azores and Madeira”, under terms that will be defined by regional legislative decree.
Tax Department
Sofia Quental | Inês Grácio | Flávia Almeida | Catarina Amaral
