Tax and Customs Authority
The government will annul the obligation to declare in IRS the income such as interest, added value, dividends, meal subsidies, costs or insurance, newspaper Público reports.
Ministry of Finance source told the newspaper that the government will approve in one of the next advice of Ministers a decree-law that eliminates the obligation to declare, for the purposes of IRS last year and following years, income subject to liberatory fees not entered above of 500 euros (such as interest, added value or dividends) and the incomes not subject to this tax greater than 500 euros (for example, food allowance, cost aids, insurance).
The same source also mentioned that the same decree will clarify the obligation to declare assets obtained in offshore societies (tax havens), so it will integrate a list of the type of assets that will have to be reported in the IRS statement.
The government considers that the law provided for in the State Budget, which would apply for the first time in the statements regarding the income obtained last year, “it was not clear enough”, and would make the process more complex for taxpayers and the Tax Authority (AT).
Would also represent a setback for taxpayers who resort to automatic IRS, because obliged the information declaration already detained by the OT.
The declarative obligation, which would begin to take place in the IRS campaign, starting in April, would reduce the number of passive subjects that could use automatic IRS.
The Secretary of State for Tax Affairs, Claudia Reis Duarte, told the public that “elimination of these obligations It avoids a significant number of statements with errors. ”
With this change the government intends to tape the obligation to report only with regard to ‘offshore’ assets.
