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Portugal COVID-19 Tax Relief Measures

01 April 2020

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Approved Changes

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Portugal

Portugal has implemented the following tax relief measures in response to the COVID-19 pandemic via Decree Law 10-F/2020 published 26 March 2020 and other orders. The Decree Law has retroactive affect from 12 March 2020. VAT and Personal Income Tax (IRS) and Corporate Income Tax (IRC) Withholding Relief For companies with turnover below EUR 10 million in 2018, VAT and corporate and personal income tax withholding taxes may be deferred and paid in three or six monthly installments without interest. For companies not meeting the turnover requirement, the same deferral may be requested if there is at least a 20%...