New IRS Model 3 Declaration for the year of 2018
Tax Alert 12-2018
Following the approval, by Ordinance no. 385-H/2017, of 29 December, of the new model forms of the Model 3 Declaration and respective filling instructions, to be used from 2018 and to declare the income received as from 2015, the Tax Authority presented some additional clarifications through Circular-Letter no. 20.199/2018, of 7 March.
Some of the most relevant changes relate to the introduction, in Table 6B of the Cover sheet, of the option for alternate residence of dependents in joint custody established by an agreement regulating the exercise of parental responsibilities and which has been communicated in the Finance Portal until the 15th of February.
It was also included in Table 4 of Annex B regarding Category B income, the fields to indicate the amount of income derived from the activity of local accommodation in housing or apartment, which are subject to a coefficient of 0.35 under the simplified regime. With regard to this type of income, Table 15 has also been created, through which it is possible to choose to tax such income in accordance with the rules laid down for category F. This option is also provided for taxable persons under the organized accounting regime, for which Table 13 was set out in Annex C.
Finally, Tables 16 of Annex B, 14 of Annex C and 4 of Annex F have been created, which allow the identification of urban buildings owned by the taxable person, which have generated income in connection with the rental or accommodation activity and which were subject to the IMI surtax, in order to calculate the applicable deduction.
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