The delivery of the IRS declaration is an annual obligation to most taxpayers in Portugal. However, there are income that does not need to be declared to the tax authorities, either because they have been previously taxed for reasons of fiscal policy or being exempt from tax.
With the IRS delivery period from 1 April and June 30, it is essential to know which income can be excluded from the statement, in a list presented by.
Income that does not have to be declared in the IRS
Santa Casa Games Awards
Gains obtained from state social games do not need to be declared, as prizes greater than 5,000 euros are already subject to a 20%seal tax rate.
Unemployment allowance
Subsidies attributed by Social Security, such as the social income of insertion and unemployment allowance, are exempt from taxation and do not need to be mentioned in the IRS statement.
Deposit interest
Interest of time deposits, certificates of aforro or obligations have already been subject to liberatory fees, so they do not need to be declared unless the taxpayer opts for the encompassing.
Medical Lower and Parental License
The amounts received by medical low or parental license are not subject to IRS and are therefore not included in the annual statement.
Literary, artistic and scientific prizes
These awards are exempt from IRS as long as they do not involve the assignment of copyright and are attributed in public tenders with well -defined criteria.
Sports Bags and Awards
Bags attributed to high competition athletes and the recognition awards of sports success are also exempt from IRS.
Meal subsidy
The food allowance paid in cash up to 5.20 euros daily is exempt from IRS. In the case of meal cards or valleys, the limit rises to 8.32 euros daily.
Indemnities for injury, illness or death
Pensions or compensation attributed due to a road accident, military service or judicial decision are exempt from IRS.
Work income or pensions below 9,870 euros annual
Workers or pensioners who have received until this amount may be exempt from IRS, depending on the retention at the source and the tax regime.
Isolated acts of reduced value
Isolated acts up to four times the Index of Social Support (IAS) are exempt from tax declaration.
Yields of study workers up to 2,216 euros annual
Esteudant workers with annual yields below five times IAS need not declare the values to the tax authorities, provided they prove their school situation.
Youth income at IRS Young
Young people between 18 and 26 years old entering the labor market have part of the yields exempt under the IRS Young regime.
Conclusion
Knowing the income that does not need to be declared to the tax authorities allows a more correct filling of the IRS statement and prevents unnecessary inclusion of taxed or exempt.
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