The delivery of the IRS statement is one of the most relevant moments of the fiscal calendar in Portugal. With the validation of invoices already completed, taxpayers should now be aware of the next deadlines to avoid failures or delays in complying with their tax obligations.
The Tax and Customs Authority (AT) has defined a set of important dates that mark the different stages of the IRS process to 2024. Know which ones are and get ready for each of them.
March 31: Communicate the entity for consignment of IRS and IVA
Taxpayers wishing to consign 0.5% of IRS or the benefit of VAT supported to a social solidarity entity, religious, cultural or environmental institution should indicate this option on the Finance Portal by March 31.
IRS consignment does not imply any additional cost to the taxpayer, as the amount is taken from the tax that would be delivered to the state.
March 16-31: Consultation of deductible expenses and possibility of complaint
From March 16, AT makes available to taxpayers the total amount of expenses calculated for the purposes of deduction to the collection of IRS. This information can be consulted at the Finance Portal.
If it detects omissions or errors in family general expenses and invoices of tax benefits, it may submit a complaint between 16 and 31 March. This complaint must be made directly in the E-Face, justifying the necessary corrections.
April 1 to June 30: deadline for delivery of the IRS declaration
The delivery phase of the IRS declaration runs between April 1 and June 30, regardless of the type of income earned by the taxpayer.
Related:
Taxpayers covered by automatic IRS should only confirm the data and submit the declaration on the Finance Portal. Those who need to fill the model 3 statement must do so within this period, ensuring that all information is correct.
IRS delivery is compulsorily done electronically through the Finance Portal.
Until 31 August: reimbursement or payment of the tax due
Upon submission of the declaration, the AT proceeds to settle the tax, finding out whether the taxpayer is entitled to reimbursement or if I need to pay the IRS.
- If the amount already retained throughout the year is higher than tax duethe taxpayer receives a reimbursementwhose payment can occur until August 31.
- If the tax calculated is higher than what has already been paid, the taxpayer will have to regularize the differencemaking payment within the stipulated deadline to avoid default interest or penalties.
This period applies only to the statements delivered within the deadline. Those who submit the IRS after June 30 may be subject to fines and will have a longer processing.
Conclusion
The IRS 2024 tax calendar has several steps that taxpayers should be carefully followed to avoid defaults or errors in filling out the statement. Validating the invoices was only the first step, and it is now essential to fulfill the next deadlines.
Keep informed and comply with the dates indicated by can make all the difference in reimbursement processing and regularization of the tax due.
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