The Portuguese Tax Authority released Circular No. 4/2019, of 8 October, amending the procedures relating to the recognition of high added value activities developed by non-habitual tax residents.
Considering the slowness of the process and possible need for an annual verification of the maintenance of the requirements, the previous recognition of the high added value activities is no longer in place.
The right to be taxed under the NHR tax regime rules, according to the PIT Code is acquired at the time the status is granted and the requirements relating to the professional activity framework should be verified annually.
Upon delivery of the annual income tax return, the taxable person shall invoke that declared income derives from activities from high added value occupations, subsequently proceeding to the delivery of all supporting documents, if requested by the tax authority.
In addition, the tax authority also presents clarifications on the documentation required to prove the exercise of some high added value activities and announces the disclosure of further information on the remainder activities listed.