PORTUGAL: PAYMENT IN INSTALMENTS OF BOTH PERSONAL AND/OR CORPORATE INCOME TAX

Acknowledging the importance of maintaining a strong tax system, this measure was issued in the context of various incentives set out by the Portuguese Government, which, in the present context of the Sars-Cov-2 Pandemic, is essential to the livelihood of families and companies.

The Office of the Secretary of State for Tax Affairs issued an Official Order that requires the Tax Administration to allow of its own motion taxpayers to settle any Personal Income Tax (IRS) and/or Corporate Income Tax (IRC) in instalments without having to provide a guarantee.

This measure is intended to improve the relationship between taxpayers and the Portuguese Tax Authority.

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