Portugal:
Reduction In The Legal Charges For Tax Debts
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On 12 September 2023, the General Tax Administration
(Administração Geral Tributária -
"AGT") issued a statement announcing a reduction in the
legal charges for tax debts.
According to the statement, taxpayers who have not paid their
tax obligations on time will be able to voluntarily pay the tax
until 31 December 2023, regardless of the stage of the tax debt
settlement process.
Taxpayers must voluntarily express their wish to the AGT and pay
the full amount of the tax within 15 days of the issue of the
relevant assessment note, with a 50 per cent reduction in the fine
and a 30 per cent reduction in the corresponding compensatory
interest.
This measure does not apply to taxpayers who have committed a
tax offence for which proceedings have already been started, nor to
those who choose to pay their tax debt in instalments.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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