Approved new forms Modelo 44 and 10

As a result of some amendments made to tax legislation during 2018, it is necessary to update certain tax forms used to comply with reporting obligations concerning the Personal Income Tax (“PIT”) and Corporate Income Tax (“CIT”).

Consequently, the following Ministerial Orders were published:

• Ministerial Order no. 324/2018, of 14 December, which approves the new form Modelo 44 and respective filing instructions, to communicate the rents received according to article 115 no. 5 of Personal Income Tax (“PIT”) Code.

This declaration must be presented by the PIT taxpayers who obtained income from category F (rents), who are not obligated to issued electronic receipts or did not opted for the issuance of electronic receipts or taxpayers who are not obligated to issue invoices, invoices-receipts or a receipts.

• Ministerial Order no. 325/2018, of 14 December, which approves the new form Modelo 10 and corresponding filing instructions, to report the income paid (including withholding taxes) to resident entities by CIT or PIT taxpayers who obtain business or professional income, as provided in paragraph ii) of item c) and d) of article 119 no. 1 of the PIT Code.

We remember that both forms must be submitted until the end of January of the following year, or in 30 days from the occurrence of any fact that determines the alteration of the income previously declared as regards Modelo 10.

These Ministerial Orders come into force on 1 January 2019.