Tax authorities refund €1.26 billion in April

By TPN/Lusa, in Business · 10-05-2019 09:00:00 · 0 Comments
Tax authorities refund €1.26 billion in April

Portugal’s finance ministry paid €1.26 billion regarding 1,187,716 refunds in the first month of the personal income tax (IRS) campaign, authorities said this week.

Between 1 and 30 April, tax authorities refunded a total of 2,582,366 tax declarations, 167,000 more than in the same period 2018.

The ministry said that a total of almost 2.7 million personal income tax declarations were validated in April, which corresponds to “about half of the potential universe” of taxpayers who submit personal income statements, and 41.2 percent were joint taxation.

Automatic tax declarations represent 41.5 percent of the total, compared to 31 percent last year, which shows that more and more people are embracing and relying on the system.


Be the first to comment on this article
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.