Portugal has long been known as a tax haven for foreigners. This was due to the 'Non-Habitual Residence Regime' (NHR), under which certain foreign income was taxed at a low rate or even completely exempt for 10 years. The government has now announced the abolition of the regime from 2024.

At the end of September, the Council of Ministers reached an agreement on the introduction of e-invoicing. This agreement builds on a preliminary draft law that was already presented in May.

In a previous article, we already announced the signing of a new double tax treaty between Belgium and the Netherlands. In all likelihood, the earliest the treaty will enter into force is 1 January 2025. Nevertheless, we would like to discuss some important changes.