close
Share with your friends

Portugal: Update on tax relief measures, responding to coronavirus (COVID-19)

Portugal: Update on tax relief measures, coronavirus

The Portuguese government announced measures to allow for flexibility on tax payments—including payments of corporate income tax, individual (personal) income tax, and value added tax (VAT) for the second quarter of 2020.

1000

Related content

These measures are subject to approval by the Council of Ministers.

Read a March 2020 report (Portuguese and English) [PDF 67 KB] prepared by the KPMG member firm in Portugal


Update on other relief measures

Law No. 1-A/2020, of 19 March 2020, was published in the official gazette and thereby adopts measures in a law-decree from 13 March 2020 in addressing the situation caused by the coronavirus (COVID-19) pandemic.

Measures in the law provide “exceptional and temporary” relief for taxpayers in Portugal, including suspensions of the statute of limitations and certain “judicial holidays.” The effective date of the law is 13 March 2020. Read TaxNewsFlash about the measures in the law-decree.

Read a March 2020 report (Portuguese and English) [PDF 89 KB] prepared by the KPMG member firm in Portugal

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal