Withholding tax rates applicable in 2022 in Azores were approved
Portugal Tax Alert
The withholding tax rates applicable to employment income (category A) and pensions (category H), obtained by the resident taxpayers of the Autonomous Region of Azores, during 2022, were approved by Order no. 12408-A/2021, of Secretary of State for Fiscal Affairs.
It should be noted that the non-delivery, total or partial, of said amounts represents a tax offence, besides the joint liability of the substitute taxpayer for the outstanding tax, plus 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 21 December of 2021. However, said withholding tax rates should be applicable only to income paid or made available to the respective beneficiaries as of 2022.
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