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Tag Archives: coercive

Coercive Settlement and the loss of tax abatements

21 Wednesday Nov 2018

Posted by Ursula in Article, Posts

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abatements, allowances, at, coercive, exclusion, imt, pensions, portugal, relief, settlement, tax

If you meet any of the criteria to be considered resident for tax purposes in Portugal, you arew required to register with the tax authorities and submit annual tax declarations. Tax residents are liable to Portuguese taxation on worldwide income. When a taxpayer fails to report income that is the object of information sharing from any number of diverse sources, Finanças moves to coercive settlement of the assessment due. Continue reading →

Coercive assessments estimated to reach €1,100 million in 2017

05 Friday May 2017

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2017, assessment, at, automatic, coercive, treasury

Coercive assessments should allow the treasury to collect 1,100 million euros throughout fiscal year 2017. To reach this goal, the “AT” (Tax and Customs Authority) is reinforcing automatisms and computer applications in order to be able to monitor more effectively the progress of  processing tax debts. This represents a decrease from previous years since overdue taxes have also diminished.

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