Portugal: Municipal surtax rates applicable to 2021 taxable income were disclosed
Portugal -
Portugal Tax Alert
Municipal surtax rates were disclosed through Circular Letter no. 20237/2022, of 27 January, to be assessed and paid in 2022, due on the taxable income to be determined in regards to the 2021 fiscal period.
We remind that the municipal surtax assessment is made by the taxpayer through the submission of the Corporate Income Tax (IRC) return (so-called “Modelo 22”), to be delivered until the end of May of the following year, when equal to the calendar year, or until the end of the 5th month following the end of the corresponding fiscal period.
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