PIT withholding tax rates applicable in Madeira in 2022 were updated
Portugal Tax Alert
Withholding tax rates applicable to employment income (category A) and pensions (category H) taxed within the scope of the Personal Income Tax, obtained by the resident taxpayers in the Autonomous Region of Madeira, during 2022, were approved by Order no. º 98/2022, of Regional Secretary of Finance.
It should be noted that the non-delivery, total or partial, of said amounts represents a tax offence according to the law, despite of the substitute's liability for the compensatory interest due from the delivery date until the end of the deadline for the submission of the corresponding return by the original responsible or until the date of delivery of the tax withheld, if previous.
The referred Order entered into force on 26 February of 2022, but the amendments approved are only applicable on income paid or placed at the beneficiary’s disposal as of 1 March 2022.
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