Government measures in key jurisdictions 5th edition - Flipbook - Page 110
Portugal
•
Litigation
Are the courts
operating?
Tax
Has any new
legislation been
introduced in light
of Covid-19?
The fixed or minimum monthly rent due by the tenants of establishments installed in
shopping centres shall be reduced proportionally to the reduction of the monthly
invoicing, up to the limit of 50% of the amount of the monthly invoicing, when such
establishments suffer a drop in the monthly sales volume compared to the sales
volume of the same month in 2019, or the average sales volume of 6 months
preceding the declaration of state of emergency (in March 2020). This regime shall
be valid up to 31 March 2021, and the Portuguese Government is entitled to extend
it up to 30 June 2021.
Courts are operating, but all procedural terms for all kinds of courts have been suspended and
will resume when the state of emergency ends. This suspension is generally applicable to
proceedings which are not urgent (notably those where fundamental rights are involved).
For more information, please visit here.
Postponement of CIT/PIT and Stamp Tax payments and obligations: the following deadlines
have been extended.
•
•
•
Extension of the first CIT special payment on account from 31 March 2020 to 30
June 2020.
Deadline to submit the Corporate Income Tax return (Modelo 22) was extended from
31 May 2020 to 31 July 2020.
Extension of the first CIT payment on account and additional payment on
account from 31 July 2020 to 31 August 2020.
•
Deadline to submit the IES statement from 15 July 2020 to 7 August 2020.
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Deadline to deliver to the tax authorities the tax file (when mandatory) from 15
July 2020 to 31 August 2020 (with no penalties).
•
Extension of the deadlines to deliver CIT and PIT withholding taxes and
Stamp Tax from April and May from 20 May 2020 to 25 May 2020 and from 20 June
2020 to 25 June 2020, respectively.
•
Extension of the deadline to deliver Modelo 10 from 10 to 25 February.
Tax deferrals: payment of VAT and CIT/PIT withholding taxes due in the 2nd trimester of
2020 may, under certain circumstances, be deferred and paid in 3 or 6 monthly
instalments, free of interest and without the need of providing guarantees. The
first 1/3 or 1/6 has to be paid on the corresponding legal deadline.
VAT measures:
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110
Several extensions of the deadlines to submit the VAT periodic return (with no
penalties) and to pay the corresponding VAT have been approved.
Government measures in key jurisdictions
