Publications

Garrigues

ELIGE TU PAÍS / ESCOLHA O SEU PAÍS / CHOOSE YOUR COUNTRY / WYBIERZ SWÓJ KRAJ / 选择您的国家

CIT - Special Payment on Account to be paid until the end of March

Portugal - 

Tax Portugal Alert

The deadline to deliver the special payment on account (“PEC”) regarding fiscal year 2019 ends on 31 March for taxable persons resident within the Portuguese territory engaged primarily in a commercial, industrial or agricultural activity and non-residents with a permanent establishment herein which have adopted a fiscal year that coincide with the calendar year, in cases the waiver of such payment is not applicable. The PEC might be delivered in a single installment, during March, or in two installments, in March and October of the corresponding fiscal year, or in the 3rd and 10th month of the fiscal year, if not coincident with the calendar year.

We note that, following the Budget Law for 2019, a waiver is applicable in fiscal year 2019 to taxable persons who do not deliver the payment until the end of the 3rd month of the respective fiscal year, as long as the reporting obligations regarding the two previous fiscal years have been timely complied, namely, the submission of the CIT “Modelo 22” form and the Annual Tax and Accounting Information Statement ("IES"). This waiver is automatic and valid for each fiscal year.