In 2025, tax expenditure on the Non-Habitual Residents (RNH) regime is expected to see the biggest increase since it was created in 2009.
Government forecasts point to a growth of €446 million compared to last year's forecast, for a record €1.7 billion. The data appears in the State Budget proposal for 2025 (OE2025) delivered by the Executive.
According to Expresso, the transitional regime, created between the end of the NHR and the beginning of the IFICI (tax incentive for scientific research and innovation), would have led to a rush of requests.
All things considered, the cost of this measure will be, in 2025, almost ten times greater than the €174 million budgeted for 2016, the first year in which fiscal expenditure with this regime began to be detailed in the maps of the OE proposals.
The publication also writes that with the NHR program, given the expenditure expected for this year, the Ministry of Finance entered an additional €446 million under the fiscal expenditure heading, the biggest growth since 2016. In this way, the weekly details, the revenue that the State, in theory, dispenses with these taxpayers by not charging them the general IRS rates, thus rising from 1.2 billion euros predicted in 2024 to 1.7 billion euros in 2025, an increase of 36%.