Flexibility on VAT payments – CIT and PIT withholdings – Social security
The Portuguese Government made public a set of measures for the second trimester of 2020 through the communication issued by the Council of Ministers on 19 March. From a tax standpoint, such measures include a flexibility on the payment of taxes (VAT, PIT and CIT withholding payments) in the 2nd trimester of 2020.
Despite the limitations made within the referred communication to the eligibility criteria for accessing such measures, yesterday the Portuguese Social Security made public a communication, that suggests that the measure will be applicable regardless of the fulfilment of the criteria included in the Council of Ministers’ communication.
The above measures are subject to the Council of Ministers’ approval currently taking place. We will provide further information, as soon as the final wording of the measures is made public.
© 2020 KPMG PORTUGAL – S.G.P.S., S.A., a Portuguese company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.