Newsletters

New Exceptional and Temporary Regularization Regime of Tax and Social Security

29 October 2013
New Exceptional and Temporary Regularization Regime of Tax and Social Security
Newsletters

New Exceptional and Temporary Regularization Regime of Tax and Social Security

29 October 2013

On 3 October 2013, the Portuguese Government approved the new "exceptional" and "temporary" regularization regime for tax and social security debts.

According to this regime, any taxpayer (individual or corporate) may pay the full amount of their tax or social security debts while benefiting from full exemption from dilatory interest - 6,112% for the year of 2013 -, compensatory interest - 4% per year -, administrative costs, and from a special reduction of the penalties applicable. According to the information released, in order to benefit from this regime, the regularization payments must be made until 20 December 2013.

Know-How