A high-performance NdFeB permanent magnet including a nitride phase and a production method thereof are provided. A main phase of the NdFeB permanent magnet has a structure of R2T14B; a grain boundary phase is distributed around the main phase and contains N, F, Zr, Ga and Cu; a composite phase containing R1, Tb and N exists between the main phase and the grain boundary phase and includes a phase having a structure of (R1, Tb)2T14(B, N). R represents at least two rare earth elements, and includes Pr and Nd; T represents Fe, Mn, Al and Co; R1 represents at least one rare earth element, and includes at least one of Dy and Tb; the main phase contains Pr, Nd, Fe, Mn, Al, Co and B; and the grain boundary phase further contains at least one of Nb and Ti. Through placing partially B by N, a magnetic performance is increased.