Reduction of Special Payment on Account in 2018
Tax Alert 11-2018
An information note was published by the Tax and Customs Authority, which clarifies the conditions applicable to the reduction of the “PEC” related to the taxation period of 2018, provided for in Law no. 10-A/2017, of March 29.
According to this information note, contrary to the taxation period of 2017, the condition that, in the previous taxation period, the taxable persons paid or made available income from dependent work to natural persons resident in the Portuguese territory in an amount equal or greater than € 7,420, is no longer imposed for the fiscal year of 2018.
Thus, in order to benefit in 2018 from the € 100 reduction on the amount of the PEC and from the additional reduction of 12.5% on the amount resulting from the first reduction, it is only required that, on the date of payment of each of the PEC installments, the taxable persons have their tax and social security situation regularized, as stated in paragraph 4 of article 2 of said Law no. 10-A/2017, of March 29.
Contacts
