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DSG – in the pipeline

Tag Archives: refunds

IRS refunds reached €1,200,000,000

24 Wednesday May 2017

Posted by Ursula in Posts

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irs, portugal, rebate, refunds

As of 15 May, IRS rebates surpassed €1.2 billion, more than double the amount reimbursed last year. By 31 May last year, IRS repayments amounted to €676 million. Up until 2017, tax returns were due in two 1-month phases. This year, for the first time, there was one continuous submission period from 01 April to 31 May for all taxpayers.

Automatic IRS Reporting to speed up tax refunds

27 Monday Feb 2017

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common reporting standard, irs, portugal, refunds, reporting, tax

Automatic IRS Reporting kicks off this year and should reach one third of Portuguese families. Next year, this measure will be extended to a majority of national taxpayers. Piggy-backed to this automation will be quicker tax refunds which should be processed in as little as a fortnight. Despite new international information sharing (“Common Reporting Standard”), those with income from abroad will continue to declare as before.

Finanças claims 96% of IRS refunds complete

01 Monday Aug 2016

Posted by Ursula in Briefs

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financas, irs, refunds

After substantial delay and confusion, the vast majority of IRS tax refunds have reportedly taken place. In total, redemption orders add up to €2.5 billion. The Ministry of Finance promises to finish the process by the end of August.

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