The End of the NHR program in Portugal

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In an interview with CNN Portugal, the prime minister of Portugal Antonio Costa has announced that the NHR regime "no longer makes sense" and will "end in 2024".

The fate of the NHR regime will begin to be decided on October 10, 2023.
On this day, the Government will have to submit to the Portuguese Parliament the bill “On the State Budget for 2024”, which, among other things, provides for the abolition of the NHR regime from 2024.
Further, this draft law will be considered and approved by Parliament within 45 days, after which the budget law will be adopted and sent to the President of the Republic for signature.

When will NHR go away?

The PM said "2024". This does not mean that on 1 Jan 2024, the NHR program will be gone. It is actually more likely that the program will persist through the entire 2024, since legislative changes take time. However, there is a possibility that the legislation will be rushed as part of the budget and the program will indeed be cancelled on Jan 1, 2024, but it will be hard for the government to achieve and open to legal attacks. We estimate that the program will end sometime in the middle of 2024.
People who already have the status are unlikely to be affected.
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