February 17, 2023
New IMT Practical Tables
Tax Circular No. 40120/2023, of 2 February 2023, publishes the practical tables for computing the tax, following the alterations to the tax brackets of the Municipal Property Transfer Tax, introduced by the State Budget Law for 2023 in force from 1 January 2023.
February 3, 2023
Double Taxation Convention
It was published yesterday the Notice No. 4/2023, of February 2, making public the entry into force on 12 October 2022 of the Convention between the Portuguese Republic and the Democratic Republic of Timor-Leste for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect of Income Taxes, signed in Lisbon on 27 September 2011.
February 2, 2023
CIT: Template 22
The application for submitting the IRC Form 22 declaration (printed version in force in 2023) is now available on the Finance Ministry's website (click to see).
Taxpayers with a tax period coinciding with the calendar year must file their 2022 tax return by the end of next May.
CIT: Municipal Surcharge Rates
Tax Circular No. 20250/2023, of 31 January 2023, publishes the list of Municipalities and municipal surcharge rates levied on the corporate income, taxable profit for the 2022 tax period, as well as the scope of the respective exemptions necessary for the completion of the Model 22 Income Statement.
Withholding Tax Tables - 1st Semester 2023
On January 25, 2023, Order No. 1296-B/2023 was published, approving the tables regarding withholding tax rates on employment income and pensions earned by individuals residing in mainland Portugal (click to see) to be in effect during the first half of 2023.
This order will come into force on the day following its publication and will be effective from January 1, 2023 to June 30, 2023.
