Portugal: Amendments to withholding tax rates applicable in 2023
Had been amended the withholding tables applicable to employment income (category A) and pensions (category H), received by residents in mainland Portugal, by Order no. 4732-A/2023, of 19 April.
It should be noted that the non-delivery, total or partial, of said amounts represents a tax offence according to the law, despite of the substitute's liability for the compensatory interest due from the delivery date until the end of the deadline for the submission of the corresponding return by the original responsible or until the date of delivery of the tax withheld, if previous.
Order no. 4732-A/2023, of 19 April, entered into force on 20 April, 2023, however the referred rates should only be applied to income of this nature that is paid or made available to the respective beneficiaries from May 1, 2023 to June 30, 2023.