PIT – Joint tax return regarding dependents expenses and income
Law no. 106/2017, of 4 September, was officially published, amending the PIT Code to ensure the right to a joint tax return for expenses and income of dependents where parental responsibilities are shared by more than one taxable person.
It should be particularly noted that when dependents earn income and an alternative residency is established by the parental responsibilities agreement, and the taxpayers intend to share this income in equal parts on their tax returns, this intention must be communicated through the PTA website ("Portal das Finanças"), by 15th February of the year following the one for which the tax is due. This possibility may already be applied to the 2017 tax statement and should be performed, for this period, by 15th February 2018.
On the other hand, when the sharing of parental responsibilities is not equal, taxpayers must indicate through the PTA website ("Portal das Finanças"), by 15th February of the year following the one for which the tax is due, their corresponding percentage of expenses so the deduction is accordingly taken into account on their respective tax returns. This obligation will only take effect with the 2018 tax statement to be communicated, for the first time, by 15th February 2019.
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