Form “Modelo 30” was updated by Ordinance no. 78/2020, of 20 March in order to allow the fulfillment of the international commitments assumed by Portugal regarding administrative cooperation in the field of taxation.
For such purpose, new tax regime codes were adopted to be applicable to the income obtained in the Portuguese territory by non-resident taxpayers concerning retirement savings funds, retirement saving plans or payments made under the public capitalization scheme.
The referred Ordinance revoked the former filling instructions of Ordinance no. 332-A/2015, of 5 October, and entered into force as of 1 May 2020. As a result, new instructions shall be used for filling this form since May onwards.
We recall that this form should be electronically submitted before the Portuguese tax authorities by the end of the second month following the corresponding taxable event, according to article 119 (7) (a) of the Portuguese Personal Income Tax Code and article 128 of the Portuguese Corporate Income Tax Code.