José Sena Goulão / Lusa
The Minister of State and Finance, Joaquim Miranda Sarmento
The Council of Ministers approved the Decree-Law that eliminates the obligation to report, in the IRS declaration of non-IRS income, such as the meal allowance, and those subject to liberatory fees, such as interest.
The government eliminated the obligation to declare interest and meal allowance in the IRSaccording to the statement issued this Thursday, at the end of the meeting of the Council of Ministers.
In addition to eliminating reporting such income, the diploma approved this Thursday also clarifies “which assets arrested in countries, territories or regions with a clearly more favorable tax regime that must be declared, in order to ensure legal certainty and the effective operation of this obligation ”
At issue it is, introduced by the State Budget to 2024 (OE2024), determining that in the annual IRS statement “are necessarily reported, in particular, income subject to unregistered release rates and non -IRS income, when exceeding 500 euros, as well as assets detained in countries, territories or regions with clearly more favorable tax regime. ”
IRS non -subject income include, for example, meal allowance or cost aids, while interest rates and other capital income integrate the range of those who are subject to liberatory rates.
In a statement issued at the end of January, the Minister of Finance stressed that income subject to liberatory fees (category including interest rates, for example) “are already known to the Tax Authority (AT), referring to the existence of “several constraints for the application of the standard At issue ”, namely as regards the“ identification and quantification of income to be considered ”.
Official source of the Ministry of Finance had also mentioned that the obligation to declare income, provided for in OE2024, reduced the number of passive subjects who may benefit from automatic IRS, “also raising doubts about the exemption of statement to taxpayers with income work or pensions less than 8,500 euros annually ”.
The changes to the law approved today apply to IRS statements regarding the years 2024 (whose delivery starts on April 1) and following.
