News

2008-12-01 - REPORTING DATES AND PAYMENT

The tax year in Portugal is the year ending on December 31.
Advance payments of tax are made as specified below.
• 3 advance payments based on the tax paid in the previous year. The advances are paid in July, September and December.
• A fourth advance payment of 1% of turnover must be paid by the date of filing the report. There are minimum and maximum amounts for the advance payment.
• Individuals and companies are obligated to file financial statements by May 31 for companies, and by April 30 for individuals