NHR holders may switch to Youth IRS for savings
The Tax and Customs Authority (Autoridade Tributária e Aduaneira) clarified that Non-Habitual Residents (Residentes Não Habituais or NHR) can cancel their status to benefit from the Youth IRS (IRS Jovem) regime instead. This option is available to those who have never utilized the NHR tax benefits and meet the age requirements for the youth scheme. Taxpayers should consult a professional to determine which regime offers greater savings before the April filing deadline.
