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Portugal: Tax relief measures for companies, response to coronavirus (COVID-19)

Portugal: Tax relief measures for companies

Following the outbreak of COVID-19 in Portugal, Order no. 104/2020 - XXII was issued to provide tax relief as well as to address other challenges that companies may encounter.

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Regarding tax matters, the deadlines for some tax obligations of companies have been delayed, including the following:

  • Postponement of the deadline regarding the first instalment of the special payment on account (due in March) to 30 June 2020, without being subject to any penalty
  • Postponement of the deadline for filing the corporate income tax return (“Modelo 22”) for the 2019 tax period—it has been extended from 31 May 2020 to 31 July 2020, without any penalty
  • Postponement of the deadline regarding the first instalment of the payment on account and the first instalment of the additional payment on account by companies (due in July) to 31 August 2020, without any penalty
  • Situations of infection or preventative isolation of taxpayers and their accountants, declared by health authorities will be considered reasonable cause for a delay to the fulfilment of tax reporting obligations
     

Read a March 2020 report (Portuguese and English) [PDF 122 KB] prepared by the KPMG member firm in Portugal

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