Income Tax submission returns every year and, with it, also returns the feeling of urgency to resolve everything quickly, although a lack of preparation can turn a simple process into a task that takes longer than expected.
According to , gathering all the necessary information in advance is one of the factors that most influences the speed and accuracy of the declaration, avoiding errors that could delay reimbursement or require subsequent corrections.
According to the same source, the delivery campaign takes place between April 1st and June 30th, and careful preparation can make a difference not only in the time spent, but also in the final result.
What you should have prepared before starting
Before accessing the Finance Portal, it is recommended to gather basic identification data, including the NIF and access password, as problems with credentials are one of the most frequent causes of delays.
At the same time, it is important to have the updated IBAN at hand, if you intend to receive any reimbursement in a specific account, as well as the TINs of all members of the household. This data, although simple, is essential to avoid interruptions at the beginning of the process.
Income requires extra attention
In the case of income from dependent employment, the information usually appears pre-filled, but this does not eliminate verification, especially if there were changes of employment or multiple entities throughout the year.
Anyone who has accumulated different types of income, such as dependent work and green receipts, must ensure that all values are correctly reflected, as they are included in the global tax calculation.
Furthermore, social benefits such as unemployment or sickness benefits must also be considered, which reinforces the importance of confirming all data.
Green receipts and independent activity
For self-employed workers, the process requires greater preparation, including organizing invoices, receipts and any withholding taxes.
In the simplified regime, it is enough to know the billing totals, but it is still essential to ensure that the values are correct and complete.
Those who have organized accounting must liaise with the accountant, although it is advisable to maintain access to the main documents.
Investments and real estate cannot be forgotten
Capital income, such as interest, dividends or capital gains, is often forgotten, but must be included in the declaration, based on proof sent by banks or brokers.
In the case of real estate, whether rental or sale, it is necessary to gather documentation such as contracts, receipts and deeds, as well as proof of expenses that can be deducted. These elements can directly impact the final tax amount.
Expenses Can Increase Reimbursement
Deductible expenses are one of the areas where taxpayers can benefit most, but only if the amounts are recorded correctly.
Although much of the information is imported automatically, it is essential to confirm that there are no errors or omissions.
Health, education, housing and family expenses must be reviewed carefully, as any failure can result in a loss of tax benefits.
Specific situations require additional documentation
Payments of food pensions, donations or contributions to plans such as PPR require specific documentation, which must be kept organized.
Anyone who had income abroad must also gather proof of income and taxes paid, as these must be declared in Portugal. In these cases, the lack of documentation can complicate the process and delay settlement.
Preparation can avoid errors and delays
Organizing all documents before starting the declaration reduces the risk of errors and avoids interruptions during completion.
Creating a folder, physical or digital, throughout the year is a simple strategy that facilitates the entire process at delivery time.
Furthermore, using the Finance Portal simulator before sending the declaration allows you to test scenarios and correct any errors.
In the end, and although the IRS may seem like a repetitive task, preparation remains the factor that most influences speed and results, and can avoid headaches and delays in reimbursement, according to Ekonomista.
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