What are the legislative changes for 2024 in Portugal?
At the start of every year, there will be changes to laws and regulations. As your local knowledge partner, we love to share with you a list of the most significant changes to the Portuguese employment law, so that you don’t have to.
NHR tax benefit
Applying for the NHR status is not possible anymore after January 1st, 2024. Those who have already obtained the status will still enjoy its 10-year term.
Anyone who meets the conditions for registrations as non-habitual residents on December 31st, 2023, as well as holders of a residence visa valid on that date, will be able to register within the deadline available (March 31st, 2024).
The transitional regime is a set of situations that allows individuals to still apply for the NHR tax benefit. In order to be eligible for the benefit, it is crucial that at least one of these situations occurs within the specified deadlines in 2023.
Retirement age
In 2025, the new retirement age is 66 years and 7 months.
Minimum wage
The minimum wage for 2024 is EUR 820,00. This increase represents a rise of 7,9%. For the autonomous region of Azores, the minimum wage per 2024 is EUR 861,00.
This update has several impacts notably, in the calculation of the maximum limits of compensation for termination of employment contracts by collective redundancy or elimination of job position, as well as in the minimum amount of the traineeship allowance.
Social security percentages
These percentages have stayed the same from last year.
- Social security employee: 11%
- Social security employer: 23.75%
How can we help you?
The current document reflects ongoing efforts to incorporate recent legislative changes, yet it should be noted that not all amendments have received full approval from the authorities at this time.
The legal framework is subject to further adjustments, and additional modifications are anticipated in the coming weeks. As the approval process continues, this document will be regularly updated to ensure accuracy and compliance with the latest legal developments.
Discover the nuances of employing in Portugal with the guidance of our proficient HR experts. Whether you’re navigating legal requirements or seeking personalized advice, our experienced specialists in Portugal are ready to offer their expertise and assistance. Contact us today to access customized HR solutions and embark on a seamless journey towards successful employment ventures in Portugal.
