Portugal: Clarifications regarding the conventional remuneration of the share capital and postponement of the deadline to submit the CIT Modelo 22 return
Through Dispatch no. 148/2023-XXIII, of May 22, the Portuguese Government approved the extension of the deadline to submit the annual Corporate Income Tax return (Modelo 22), as well as has clarified the application of the tax incentive corresponding to the conventional remuneration of the share capital.
The deadline to submit said return for FY2022 and to pay corresponding CIT has been extended from 31 May to 6 June.
In addition, taxpayers who have requested the registration of the share capital increase using the profits generated in the 2022 fiscal year, but which registration has not been completed yet, can apply the tax incentive corresponding to the conventional remuneration of the share capital in the Corporate Income Tax return (Modelo 22) for FY2022, as long as said request is presented until the end of the deadline for the delivery of the abovementioned CIT return.
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