New IRS Model 39 Declaration for the reporting of income and withholding taxes at a flat
Tax Alert 26-2018
Ministeral Order no. 319/2018, of 12 December, was officially published, which approves the new Model 39 form and respective filling instructions, in order to communicate to the tax authorities the income and the relevant withholding taxes applicable at a flat rate, according to article 119 (12) (b) of the PIT Code.
This declaration has to be submitted by debtor entities and entities who pay or places at the disposal income subject to withholding tax rates set in article 71 of the PIT Code or any income subject to withholding taxes with a definitive nature when higher than 25 euros, whose beneficiaries are individuals residents in Portuguese territory and do not benefit from an exemption, withholding waiver or a rate reduction.
This new form must be used as from 1 January 2019 and must be electronically submitted by the entities mentioned above until de end of February of the following year.
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