Dec 30, 2022:
Extension of the Deadline for Compliance with Tax Obligations
In view of the day-off granted to public service workers on December 30, the Secretary of State for Tax Affairs has determined, by Order No. 31/2022-XXIII, the extension of the deadline until next January 2 for taxpayers to comply with some obligations. These include tax payment obligations, even under instalment plans, and tax returns, whose deadline occurs on December 30, 2022.
Dec 27, 2022:
Latest Model - Monthly Income Statement
Ordinance no. 307/2022, of 27 December was published, which approves the latest model for the monthly income statement (MIS) and the respective instructions for completing it.
The DMR refers to employment income earned by resident taxpayers and the respective withholding taxes, as well as other elements related to this category of income.
Ordinance no. 307/2022 shall take effect on 1 January 2023 and may be consulted here.
Dec 14, 2022:
Mandatory Communication of Invoice Series in 2023
By Order No. 351/2021-XXII, of November 10 and Circular Letter No. 39243, of November 11, 2021, it was determined that the obligation to communicate the invoicing series and to affix the unique document code (hereinafter ATCUD) referred to in articles 7, no. 3 and 35, respectively, both of Decree-Law No. 28/2019, of February 15, was suspended during the year 2022.
Thus, as of January 1, 2023, all VAT taxpayers issuing tax-relevant documents will have to report the invoicing series and affix the ATCUD on any invoice and other tax-relevant documents.
The ATCUD is a code that allows the unique identification of a document, regardless of its issuer, the type of document and the series used. As defined in article 3 of Administrative Rule no. 195/2020, of August 13, ATCUD results the connection of the validation code assigned to the series with the sequential number of the document within that series.
Thus, each issuer must communicate, for each type of document and means of processing, the series it intends to use, in order to obtain the validation code of that series and include the respective ACTUD in the invoice.
In view of all the above, it is essential that the financial departments of companies ensure, in advance, with their invoicing software partners or service providers responsible for that invoicing, that the communication of invoicing series is carried out and the validation codes are obtained, so that, as of January 2023, all relevant documents have the ACTUD and are able to be reported to the Tax Authority.
Dec 12, 2022:
Normal Age of Access to the Old-age Pension in 2024
Ordinance no. 292/2022 of 9 December was published, determining the normal age of access to the old-age pension in 2024, setting it at 66 years and 4 months.
This act also updates the sustainability factor to be applied to the statutory amount of old age pensions under the general social security scheme to 0.8617.
Ordinance no. 292/2022 takes effect on 1 January 2023 and may be consulted here.
Dec 03, 2022:
Annual communication of rents received - New model 44 declaration
Ordinance no. 287/2022, of December 14, approved the current model 44 declaration, for the purpose of the annual communication of rents received, foreseen in paragraph b) of no. 5 of article 115 of PIT Code and the respective filling instructions.
This Ordinance enters into force on January 1, 2023.
Dec 03, 2022:
Income and withholdings at definitive taxes - New Model 39 declaration
Ordinance no. 289/2022, of February 10th, approved the model 39 declaration, regarding income and withholdings at definitive taxes, for the purpose of complying with the reporting obligation referred to in paragraph b) of no. 12 of article 119 of PIT Code and the respective filling instructions.
This Ordinance enters into force on January 1, 2023.
Dec 03, 2022:
Donations received – New Model 25 declaration
Ordinance no. 288/2022, of 22 December, approved the model 25 declaration for donations received and the respective filling instructions, to be used by entities receiving tax donations under the EBF regime.
This ordinance enters into force on January 1, 2023
Dec 02, 2022:
Model 37 declaration and respective filling instructions
Ordinance no. 286/2022, of November 30th, approved the latest model 37 declaration for the fulfillment of the obligation foreseen in article 127º of PIT Code - Permanent Housing Interest, Insurance Premiums, Health Expenses Sharing, Retirement Savings Plans (PPR) and Pension Funds and Complementary Schemes - and respective filling instructions.
This Ordinance enters into force on January 1, 2023.
Dec 02, 2022:
IRS: Consignment to youth associations, of a youth or student character
Ordinance no. 798/2022, of November 17, 2022, regulates the assignment of a quota equivalent to 0.5% of personal income tax (PIT), assessed on the basis of annual returns, to be made by taxpayers to a youth association, an association of a youth or student nature, under the provisions of paragraph 5 of article 14 of Law no. 23/2006, of June 23, as amended.
This ordinance comes into force on January 1, 2023, and is applicable to income tax returns for 2023 and subsequent years.
Dec 02, 2022:
Food allowance update for Public Administration workers
Ordinance no. 280/2022, of 18 November, updates the meal allowance to €5.20 (five euros and twenty cents), for Public Administration workers.
This meal allowance update takes effect on October 1, 2022.
