Radar archive — February 2025
Portugal sets the enrolment mechanics for its NHR successor regime
Portaria 52-A/2025/1 amends the rules governing the Tax Incentive for Scientific Research and Innovation (IFICI), the regime that replaced non-habitual resident status for new arrivals, requiring enrolment to be filed electronically through the Portal das Finanças. It fixed a 15 March 2025 enrolment deadline for those who became Portuguese tax residents in 2024, with the standing deadline set at 15 January of the year after residence is acquired.
Implications for capital — IFICI offers qualifying incoming professionals a 20% flat rate on eligible employment income and exemption on most foreign-source income for ten years; access is conditioned on meeting the fixed enrolment deadlines.
Source: Diário da República
Switzerland moves to extend automatic information exchange to crypto-assets
The Federal Council adopted its dispatch to Parliament extending the international automatic exchange of information in tax matters, incorporating the OECD's updated Common Reporting Standard and the new Crypto-Asset Reporting Framework (CARF). The measure brings crypto-asset account information within Switzerland's cross-border tax reporting architecture, expanding the data automatically shared with partner jurisdictions.
Implications for capital — Once in force, crypto holdings routed through Swiss reporting institutions become subject to the same cross-border tax transparency as traditional financial accounts, narrowing the reporting gap for digital-asset wealth.