How to file your tax return in Portugal Income tax deadlines in Portugal. Em 2020 os contribuintes com salários até € 659 ficam isentos de descontos mensais. Isto independentemente da categoria de rendimentos. What are the new Portuguese IRS tax rates? Supply of services are subject to VAT in Portugal if the acquirer is: a taxable person with its head office, permanent establishment or domicile in Portugal (B2B rule); a non-taxable person, in case of a service provider with its head office, permanent establishment or domicile in Portugal, through which services are provided (B2C rule). Até dia 15 de fevereiro comunique a composição do seu agregado familiar e de outros dados relevantes com referência à data de 31 de dezembro de 2020. For the 2019 state budget, the opposition and leftist parties criticized the proposal not to update the upper echelons, which means that the Portuguese lost purchasing power due to the rise prices. The IRS answered this question in Notice 2020-32, which was released on April 30th. Porto is regularly cited for its quality of life and its international reputation is well established. ... (for the tax year 2020). Digital Transformation. For 2020, rates remain at 0.4% for properties held by companies, 0.7% for individuals and 1% … The logistics plan remains to be defined and will be a challenge for Portugal. The IRS statement has to be submitted in electronic format. Declarações Modelo 3 de IRS Para entregar a sua declaração de rendimentos clique no link acima. Residents in Portugal for tax purposes are taxed on their worldwide income at progressive … New 2020 IRS tax rates and brackets in Portugal. This proposal from the Portuguese government has yet to be definitively approved in the framework of the 2020 State Budget. What are the changes in the income tax levels in Portugal? This tax regime establishes a 50% relief from taxation on employment or self-employment income received by former tax residents upon their return to Portugal. The IRS statement has to be submitted in electronic format. The tax brackets had not been updated in 2019 in terms of inflation, the impact on taxpayers' finances was around 60 million euros. presidential. The IRS has updated Form 2848, “Power of Attorney and Declaration of Representative,” which is used to authorize an individual to represent a taxpayer before the IRS.The updated Form 2848, which was released in February, is not substantially different from the prior, 2018 version, but was modified to reflect certain changes resulting from the Tax Cuts and Jobs Act (TCJA). Learn what has changed at the IRS and what new policies you should be aware of in the case of an exam. All the taxpayer residents need to fill the IRS in Portugal and the non- residents who make the earning source to Portugal also need to submit the Income-tax return(IRS). Autoridade Tributária e Aduaneira. Clearstream Banking 1 would like to inform customers that changes to the double taxation treaty (DTT) forms MOD.21-RFI and MOD.22-RFI have been approved by Notice No 8363/2020 officially published … What are the best beaches accessible to people with reduced mobility? The standard tax form ( modelo IRS1 ) is supplemented by a number of special forms for declaring different types of income (called annexes ). As Finanças decidiram estender a data-limite original do dia 15 de fevereiro e é hoje, dia 21 de fevereiro de 2020, que acaba oficialmente o prazo para que os contribuintes validem a composição do seu agregado familiar junto da Autoridade Tributária (AT). Find out Portugal's IRS deadlines in 2020 and who has to file a Personal Income Tax Return. Of course, certain conditions must be met in order to benefit from the non-habitual resident NHR status in Portugal, and becoming a resident is one of them. Lisbob, the expatriate assistant, tells you all about the extension of the state of emergency and the rules of the 113 counties involved. 2020-01-21 às 8h30 Divulgadas Tabelas de Retenção na Fonte de IRS para 2020 É hoje, 21 de janeiro, publicado em Diário da República, o despacho do Secretário de Estado dos Assuntos Fiscais, António Mendonça Mendes, que aprova as novas tabelas de retenção na fonte a aplicar aos rendimentos do trabalho dependente e de pensões em 2020. One, called Imposto Sobre Veículos or ISV (Vehicle Tax), is paid only once when the vehicle gets a portuguese license plate.. The declaration must also include the income of the dependents that the person has in their care or in shared custody. Many Americans working remotely have chosen to take advantage of Portugal’s self-employment visa. Note 816164 - HR-PT: Procedimento de Carregamento tabela de IRS contains the new tables for 2020 so you can upload them into your system. As tabelas de retenção na fonte 2020 sofreram alterações para refletir o aumento do salário mínimo nacional, que se fixa em € 635 em 2020, bem como o aumento do mínimo de existência, que em 2020 se espera que seja € 9.215,01, caso se confirme que o IAS sobe para os € 438,… Tax revenue in Portugal stood at 34.9% of GDP in 2018. Whether you are already living in Lisbon or planning to move to Barcelona, Lisbob knows everything and try to improve your expat life. IRS statements in 2020, referring to income obtained in 2019, have to be submitted between April 1st and June 30, 2020, regardless of the taxpayer's income category. The annual income tax return to file for residents is known as IRS, and the tax is Imposto sobre o Rendimento de Pessoas Singulares (IRS). If you have any questions, our team of experienced Chartered Accounts will be happy to help you. The Portuguese newspaper Diario Das Noticias had access to the list of the most popular names in 2020 in Portugal and unveiled the latest trends. The NHR scheme is granted to both active and retired people if they meet certain criteria. Portugal’s annual State Budget Law for 2020 introduced a change to the ”non-habitual resident” (NHR) tax regime. In Portugal IRS was launched through the Decree-Law 442-A/88, Nov 30 th . The social partners had already indicated that the levels of the IRS would maintain the same rates. April 19, 2020 April 28, 2020 Hamroportugal Fiscal, Income tax return Portugal, IRS< Portugal, portal das finanças At first let you know the IRS means the personal income tax( IRS ). Lisbob is Expats Assistant in Portugal, Spain and Italy. 2020-192 | April 23, 2020 Portugal – New Tax on Pension Income of Non-Habitual Residents Portugal’s annual State Budget Law for 2020 introduced a change to the ”non-habitual resident” (NHR) tax regime.1 The provision adopted would impose a 10-percent tax on foreign-source pension income. What is the NHR status ? The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. In contrast, the Portuguese executive will update the seven levels of IRS, below expected inflation with an update of 0.3%, against forecasts of 1.2% and 1.4% for 2020. BALANCEFOKUS ACCOUNTING SOLUTIONS Lda. The Portuguese tax year ends on 31st December. Tax filing obligations for residents of Portugal. IRS Guidance. In order to combat the coronavirus epidemic, the Portuguese authorities announced an extension of the state of emergency, which will be in effect between 00:00 on 9th and 11:59 p.m. on 23rd December, and which will surely be extended until at least January 7th. Lisbob, the expatriate assistant in Portugal, tells you all about this new distinction for Porto. Non-residents are only taxed on income generated in Portugal and pay a flat 25% income tax rate. The Portuguese … ... Este regime aplica-se aos contribuintes que se tornem fiscalmente residentes em Portugal no ano de 2019 ou 2020, desde que: As a Portugal tax resident, you pay income tax on your worldwide income. Residents in Portugal who have obtained income that requires them to submit an IRS declaration. Proc. My question is do I have to pay any tax in Portugal even if don’t have anything here Thank you. In recent years, the number of beaches accessible to people with reduced mobility or wheelchair-friendly has increased in Portugal. Employers must withhold income tax and social security contributions. 0,75. Este é um dos prazos do IRS que não pode mesmo falhar. ... stamp duty and transfer tax. From Car Legalization, Driver's License Exchange, freelancer activity to home hunting : let Lisbob help you and enjoy while we take care of everything. The Portuguese government confirmed on Wednesday its intention to increase the national minimum wage by 30 euros, currently 635 euros gross monthly, in order to bring it to 665 euros. Last modified 9 Jan 2020. If you have problems opening the pdf document or viewing pages, download the latest version of Adobe Acrobat Reader.For further information on tax treaties refer also to the Treasury Department's Tax Treaty Documents page. The extension is automatic and does not need to be requested. Also, the maximum tax rate of 48% applies from a taxable income of 80,882 euros compared to the current 80,640 euros. 1. Cônjuges, sem filhos, ambos trabalhadores dependentes, com um rendimento bruto conjunto de 48 700 euros em 2019 e de 49 333,1 euros (atualização de 1,3%) em 2020. Lisbob, the expatriate assistant, tells you all about the ranking of the first names of Portuguese newborns in 2020. Every year until 2019 we are releasing the IRS values for the customers so they can upload them using procedure explained on How can I update my system with the new values of tables . This time we come to Vilnius, Lithuania, with help of local organizer, Geozondas company. Dealing with your taxes in Portugal doesn’t have to be a complex issue. Payments between resident companies are generally subject to withholding tax. 2020-13, 2020-11 I.R.B. In Notice 2020-76, the IRS has extended the due date for certain 2020 Affordable Care Act (ACA) information reporting filings from February 1, 2021, 1 to March 2, 2021. The social partners had already indicated that the levels of the IRS would maintain the same rates. The tax year in Portugal is the same as the calendar year and residents are sent a tax return to complete at the beginning of the year. A entrega do IRS de 2020, referente aos rendimentos auferidos em 2019, decorre de 1 de abril a 30 de junho, independentemente da categoria dos rendimentos. Optional: Select Advanced and enter your age to alter age related tax allowances and deductions for your earning in Portugal 3. A person is also deemed to be resident in Portugal if a dwelling is maintained at any time of a certain 12-month period, indicating the existence of habitual residence in Portugal. The calculator is designed to be used online with mobile, desktop and tablet devices. 1040 and Schedules 1-3 Individual Tax Return Other 1040 Schedules Information About the Other Schedules Filed With Form 1040 Form 2290 Heavy Highway Vehicle Use Tax Return Até dia 15 de fevereiro comunique a composição do seu agregado familiar e de outros dados relevantes com referência à data de 31 de dezembro de 2020. Persons resident in other countries who have obtained income in Portugal (property income or capital gains) on which they have not yet paid tax and therefore need to declare it in their IRS statement (income that has not been subject to withholding tax). The 2020 State Budget proposal was presented to the Assembly of the Portuguese Republic on Monday. Em 2018, a isenção era para salários até aos € 632. Portugal’s Adicional Imposto Municipal Sobre Imóveis (AIMI) continues to apply a wealth tax of sorts to high-value Portuguese property, wherever the owner is resident. The complete texts of the following tax treaty documents are available in Adobe PDF format. How to get NHR status ? Prestações de serviços não previstas acima. Se entregar o IRS em abril ou maio e tiver direito a receber reembolso, deve ter o dinheiro à sua disposição até ao final de junho. T/A PORTUGAL-ACCOUNTING   |, In case of a consumer dispute, the consumer may resort to an Alternative Resolution Entity of Consumer Dispute, and in particular the CNIACC – Centro Nacional de Informação e Arbitragem de Conflitos de Consumo (Centre for Information and Consumer Disputes Arbitration): Website -. Shaping the future of Healthcare. Lisbob, the expatriate assistant, tells you all about the increase in the Portuguese minimum wage. Portugal vat (value added tax) The standard rate of VAT in Portugal is 23%. In Portugal, cars - and other vehicles such as motorcycles, boats or airplanes - pay essentially two taxes. 2019-2020 State Income Tax Rates, Sales Tax Rates, and Tax Laws ... Portugal's tax credit is a basic wastable tax credit, non-tapered, available to all (single) taxpayers without dependents. MIKON Foundation and German Institute of Navigation invite you to the International Radar Symposium 2020 (IRS 2020), continuing a very successful sequence of Radar Symposia, which started in 1998 in Munich, Germany. It will be debated in plenary on January 9 and 10. Foreign-sourced income from pensions is IRS exempt (with progression) if not deemed to arise from a Portuguese source under the IRS Code territoriality rules. Lisbob, the expatriate assistant in Portugal, tells you all about the non-habitual resident NHR tax status in 2021. 3% applicable to the taxable profit exceeding EUR 1.5 million and up to EUR 7.5 million. Employment taxes. With more people working from home than ever before, some taxpayers may be wondering if they can claim a home office deduction when they file their 2020 tax return next year.. The Budget Law for 2020 introduced a 10% tax rate on pension income for new entrants in the regime that became Portuguese tax resident as from 1 April 2020. This new field is included in Model 3 (the so-called ‘cover page’ of the IRS annual declaration) and is just one of the changes that the range of IRS ‘forms’ in force in 2021 has compared to the version that was used in 2020. In addition, 113 Portuguese counties are now listed as areas with stricter rules. LisBob, the expat assistant, has prepared a complete list of the best accessible & wheelchair-friendly beaches for disabled in Portugal. The Portuguese tax year runs from 1 January to 31 December. 2020-13. Ask for their “preparer tax ID number.” Dear Colleagues and Friends. IRS Comunicação do agregado familiar. Lisbob, the expatriate assistant, tells you all about the likely comeback of lockdown in Portugal. Não deixe passar as datas mais importantes do IRS em 2020: Validar faturas – até dia 25 de fevereiro. In the Notice, the IRS concludes that when the payment of business expenses results in the forgiveness of a PPP loan, such as payroll costs or rent, those business expenses will not be deductible for tax purposes. Até dia 31 de julho: Envio da Nota de Liquidação do IRS pela Autoridade Tributária, documento no qual é mostrado como foi calculado o seu imposto. Hoje vou mostrar o passo a passo da entrega da nossa declaração de rendimentos em Portugal. IRS antes de deduções à coleta: 3 620,56 euros Deduções à coleta: 0,00 euros IRS final: 3 620,56 euros (menos 3,57 euros face a 2019) Caso 2. While Portugal has recorded its worst day in terms of coronavirus-related deaths since the start of the pandemic, a return to lockdown on the same model as that of April 2020 is more than likely and this from next Tuesday, like the confirmed the Minister of Economy Pedro Siza Vieira. Tax Season 2020: Why The IRS Starts Surprise Knock-Knock Visits About Your Taxes. In February 2020, the Portuguese parliament approved banning golden visas for property purchases across Portugal’s coastline, including Lisbon and Porto. By Victor Tavares from Porto on 06-02-2020 01:00 . According to the Portuguese state budget proposal, the income threshold from which the IRS applies amounts to 7,112 euros, compared to 7,091 euros currently. The 0.3% increase in IRS tranches used by the executive is the same rate as that presented in negotiations with the public service for 2020 salary increases. Soluções para combater a COVID-19. Indeed the Portuguese Prime Minister António Costa was this Friday in a meeting with the different parties to discuss other measures to be applied, from the closure of non-food businesses and restaurants, to the opening of schools or the postponement of the elections. IRS Notice 2020-76 announced an extension of the deadline to furnish Forms 1095-C to employees until March 2, 2021, but employers are encouraged to furnish such statements as soon as possible. Conheça as nossas soluções de rápida implementação na Administração Central, Sistema de Saúde e Municípios Portugueses. Datas importantes do IRS em 2020. Changes to Portugal tax rate will ‘strengthen’ its expat appeal. The most important revenue sources include the income tax, social security contributions, corporate tax and the value added tax, … You may want to include the fact that those who already enjoy 0% under NHR will get to keep it until the 10 years run out. Once these changes become law, real estate investments will only count towards a golden visa in inland parts of Portugal… Last modified 9 Jan 2020. What are the conditions to qualify for NHR status in Portugal ? Portugal Residents Income Tax Tables in 2020: Mainland Portugal Income Tax Rates and Thresholds (Annual) Tax Rate Taxable Income Threshold; 14.5%: Income from €0.00: to: €7,112.00: 23%: Income from €7,112.01 : to: €10,732.00: 28.5%: Income from €10,732.01 : to: €20,322.00: 35%: Income from €20,322.01 : to: €25,075.00: 37%: Income from €25,075.01 : to: €36,967.00: 45% In total more than 23,000 people benefited from this tax regime. The IRS tax rates do not change, but the brackets are updated taking into account inflation at 0.3%. Taxes in Portugal are levied by both the national and regional governments of Portugal.Tax revenue in Portugal stood at 34.9% of GDP in 2018. Here's what the new tax levels look like : The first level (to which the rate of 14.5% applies) concerns up to 7,112 euros of annual taxable income (not to be confused with annual gross income) instead of the current 7,091 euros ; The second level (23%) concerns income between 7,112 euros and 10,732 euros ; The third bracket (28%) concerns income of 10,732 euros up to 20,322 ; The fourth level (35%) concerns income between 20,322 and 25,075 euros ; The fifth bracket (37%) applies to income above 25,075 euros and up to 36,967 euros ; The penultimate bracket (45% rate) relates to income above these 36,967 euros and up to 80,882 euros ; The seventh bracket, the highest (48%), begins to apply to incomes above 80,882 euros. A situation that harms taxpayers who have incomes close to the limits of each bracket and who, with salary increases, move to the upper bracket, seeing their taxation increase, but not their purchasing power. The overall final vote on the first draft budget for this legislature is scheduled for February 6, 2020. The resident-non-habitual NHR status is a fiscal regime that was created in 2009 by the Portuguese Government. 2. By Robert W. Wood 03/08/20 AT 7:10 AM. Some also have the necessary equipment so that people with reduced mobility can swim and practice other activities. T/A PORTUGAL-ACCOUNTING   |    Livro de Reclamações    |    Privacy Policy. Stamp duty and transfer tax are applicable in Portugal. 2020 Tax Calendar: Important IRS Tax Due Dates and Deadlines Know the tax deadlines that apply to you, so you won't be hit with IRS penalties or miss out on a valuable tax break. For residents, the rate varies between 14.5% for income up to 7,091 euros, and 48% for earnings over 84,640 euros. Living in Portugal is an wonderful experience for a number of reasons, including the friendly locals, the climate, the beaches, and the quality of life. Em 2019, não faziam retenção na fonte os trabalhadores com vencimentos até € 654. Por norma, os contabilistas não aconselham a entrega nos primeiros 15 dias, uma vez que o sistema muda todos os anos e as alterações são testadas em ambiente real, nos primeiros dias. Reclamar faturas - entre 15 e 31 de março. Lisbob : Expats Assistant in Portugal, Spain and Italy. This change applies to an eligible small business taxpayer within the scope of Rev. The current highest income tax band in Portugal charges 48% tax on income, which is a massive difference. Another date to keep in mind is the IRS reimbursement deadline, which ends annually on July 31st (article 77 of the Portuguese IRS Code). Last year the rates had not changed, unlike 2018 which saw the emergence of new income tax levels. And this is not just about retirees ! The information provided here provides a general overview, but we advise you to seek professional advice from a financial expert regarding your individual situation. In this one-hour session, we will cover: Taxpayer First Act of 2019; Recent developments regarding penalties 10/26/2020. This was expected in light of Conditions. This increase is lower than that which took place in 2020 (+35 euros), but remains in line with Antonio Costa's goal of raising the minimum wage to 750 euros gross per month at the end of his mandate. It is a tax system that grants a 20% tax rate or a total exemption on the taxation of income of expatriates who choose to live in Portugal, for a period of 10 years. 5% applicable to the taxable profit exceeding EUR 7.5 million and up to EUR 35 million. The IRS guidance provides a "limited 4th quarter procedure" by which qualifying ERC wage amounts for the 2nd and/or 3rd quarters of 2020 can be reported on Line 11c or Line 13d (as relevant) of the original 4th quarter Form 941, along with any other ERC amounts for qualified wages paid in … Submitting IRS statements after the due dates will result in the payment of fines, the amount of which will vary according to the length of the delay. Taxes in Portugal are levied by both the national and regional governments of Portugal. In order to get the famous tax scheme, it is necessary to prepare well. If you submit your IRS after the legal deadline, the payment date is extended until December 31, 2020. A entrega do IRS de 2020, referente aos rendimentos auferidos em 2019, decorre de 1 de abril a 30 de junho, independentemente da categoria dos rendimentos. Specifically, the delayed due date applies to furnishing 2020 Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals. Entrega da declaração de IRS 2020, referente aos rendimentos de 2019, aplicável a todos os contribuintes. IRS de 2019 (a entregar em 2020): A entrega do IRS em 2020, referente aos rendimentos de 2019, é realizada de 1 de abril a 30 de junho. 1 The provision adopted would impose a 10-percent tax on foreign-source pension income. For more information, consumers should consult the Sistema Nacional de Defesa do Consumidor – Portal do Consumidor (National System of Consumer Defense – Consumer Portal), available at www.consumidor.pt. While Portugal has recorded its worst day in terms of coronavirus-related deaths since the start of the pandemic, a return to lockdown on the same model as that of April 2020 is more than likely and this from next Tuesday, like the confirmed the Minister of Economy Pedro Siza Vieira. Deadlines for IRS 2020: IRS statements in 2020, referring to income obtained in 2019, have to be submitted between April 1st and June 30, 2020, regardless of the taxpayer's income category. The city Invicta was 9th in 2019 and therefore shows good progress. It is a tax system that grants a 20% tax rate or a total exemption on the taxation of income of expatriates who choose to live in Portugal, for a period of 10 years. Entrega da declaração de IRS - entre 1 de abril e 30 de junho, exclusivamente pela … The vaccine will begin to be administered in early January and in the worst-case scenario, it may take four months to vaccinate the first priority group, with nearly a million Portuguese. Enter Your Salary and the Portugal Salary Calculator will automatically produce a salary after tax illustration for you, simple. The resident-non-habitual NHR status is a fiscal regime that was created in 2009 by the Portuguese Government. Novidades. Prestações de serviços da lista de atividade do artigo 151.º do Código do IRS. Aside from the flat rate 20% income tax, there is a reduced or deferred tax rate on dividends or other income from investments – and in some cases the income may be exempt from tax. How do you qualify for NHR in Portugal ? De abril a junho. Today there are a total of 188 beaches and bathing areas capable of accommodating a public with mobility difficulties, so that everyone can enjoy the beauty of Portuguese beaches. The second largest city in Portugal has just stood out again by being classified as the best “small town” in the world to live there and according to the magazine Le Monocle. A tax credit is a fixed amount of money that may be kept by taxpayers without paying any income taxes. Tagged: lisbob, Lisbob, expats Lisbon, expat Lisbon, living in Lisbon, live in Lisbon, Portuguese news, portugal news, IRS, IRS Portugal, tax rates Portugal, IRS brackets Portugal, brackets IRS Portugal. (b) Inapplicability. Sign up with your email address to receive news and updates for expats. Without modifying the tax rates, the government has therefore chosen to update the levels of the IRS which are used to calculate income tax, according to a preliminary version of the 2020 State Budget which will be submitted to Parliament Monday December 16. IRS Comunicação do agregado familiar. Carta do Utente Conheça a Administração Fiscal Questões Frequentes Dúvidas e Sugestões Estatísticas Segurança e Privacidade Mapa do Sítio. IRS: Prazo para validar agregado familiar acaba hoje. If you have any questions, our team of experienced Chartered Accounts will be happy to help you. Autoridade Tributária e Aduaneira. The KPMG member firm in Portugal has prepared a series of reports about the following tax relief efforts. CHICAGO (CBS)– Starting Friday, the IRS will accept tax returns from 2020, and they say it’s important you pick the right person to help you prepare your taxes. The attribution of the first name of newborns is taken very seriously in Portugal which is one of the strictest countries in Europe on this subject, with a list of around 1,000 authorized first names, which explains why the same first names are often used. The changes have been highlighted. The Portuguese government wants to change the income tax levels for next year, according to the preliminary version of the 2020 state budget, the final version of which will be delivered to the Portuguese parliament on Monday. In case of a consumer dispute, the consumer may resort to an Alternative Resolution Entity of Consumer Dispute, and in particular the CNIACC – Centro Nacional de Informação e Arbitragem de Conflitos de Consumo (Centre for Information and Consumer Disputes Arbitration): Website - www.cniacc.pt; E-mail: cniacc@unl.pt. Note: This announcement, originally published on 4 September 2020, has been updated following additional guidance provided by the Portuguese tax authorities. Profit or Loss From Business (Sole Proprietorship), IRS Tax Form 1040 Schedule C 2016 (Package of 100) Profit or Loss From Business (Sole Proprietorship), IRS Tax Form 1040 Schedule C … Income tax rates for residents in Portugal are progressive, meaning you pay more tax the more you earn. Non-residents are taxed at a flat rate of 25% of income. Article 16 of Personal Income Tax Code (CIRS). This will not prevent an increase in taxation due to the rising price level in the country, thus penalizing some taxpayers. Lisbob, the expatriate assistant, tells you all about the priority groups and the dates of the vaccination phases in Portugal. The period for completing your Portuguese tax returns for 2020 is 1 April to 30 June 2021. It has been estimated that there are several thousand Americans living in Portugal. The Annual Wage Calculator is updated with the latest income tax rates in Portugal for 2020 and is a great calculator for working out your income tax and salary after tax based on a Annual income. Lisbob, the expatriate assistant to Portugal, tells you all about the new income tax rates. 9% applicable to the taxable profit exceeding EUR 35 million. Entities required to withhold tax on the income covered by this tax regime shall levy the applicable withholding taxes on half of the income paid or made available. If you have to pay IRS, the deadline is August 31, 2020 (in case you have delivered the IRS within the deadline). In contrast, the Portuguese executive will update the seven levels of IRS, below expected inflation with an update of 0.3%, against forecasts of 1.2% and 1.4% for 2020. Optional: Change the number of days you work per week, per year and the number of hours y… Follow these simple steps to calculate your salary after tax in Portugal using the Portugal Salary Calculator 2020 which is updated with the 2020/21 tax tables. The rates vary between 15% and 25%.Where payments are made by residents to non-residents, the tax rate may be reduced if there is a double tax treaty. Please contact us for more information. Where are the seaside areas open to the disabled? 515, that wants to make a late revocation of the election under § 263A(d)(3) provided in section 5.02(2)(b) of Rev.