New framework for the PIT Return Form has been approved
Tax Alert 10-2019
Ministerial Order no. 34/2019, of January 28th, was officially published, which establishes the new framework of the Personal Income Tax Return Form (Modelo 3).
The changes cover the following parts of the Tax Return Form:
a) Cover sheet and respective filling instructions;
b) Annex A — employment income and pensions — and respective filling instructions;
c) Annex B — business and professional activity income earned by taxpayers covered by the simplified scheme or which have practiced isolated acts — and respective filling instructions;
d) Annex C — business and professional activity income earned by taxpayers with organized accounts — and respective filling instructions;
e) Annex D — imputation of income of the entities subject to the tax transparency regime and undivided inheritance — and respective filling instructions;
f) Annex F — property income — and respective filling instructions;
g) Annex G — capital gains and other asset increments — and respective filling instructions;
h) Annex G1 — non taxed capital gains — and respective filling instructions;
i) Annex H — tax benefits and deductions — and respective filling instructions;
j) Annex J — foreign income — and respective filling instructions.
The new framework and correspondent instructions approved take into account the changes taken by Law no. 114/2017, of December 19th (State Budget for 2018) and must be used from 1 January of 2019 for the tax returns from 2015 onwards.
Contacts
