Portugal: New withholding tax rates applicable in Mainland as from 1 July 2022 were approved
Portugal -
Portugal Tax Alert
New PIT withholding tax tables, which are in force for the Mainland in 2022, were approved for employment income paid or made available as from 1 July 2022, by Order no. 8564-A/ 2022, of the Secretary of State for Tax Affairs, rectified by Rectification Order no. 629-A/2022.
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 13 July of 2022.
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