Adjustments to the tax calendar 2020 and 2021
Tax alert
Following the impact that the effects of the pandemic may have on the conditions of compliance with tax obligations by citizens and companies, it was published on November 9, 2020, the Dispatch No. 437/2020-XXII issued by the State Secretary of Tax Affairs, that adjusts the 2020 and 2021 tax calendar for some obligations, free of any penalties, namely:
Invoices in PDF format
PDF invoices must be accepted until 31 March 2021, being considered electronic invoices for all legal purposes.
Periodic VAT returns
- When the monthly regime is in place, the periodic VAT returns to be delivered in November and December 2020, as well as in January, February, March, April and May 2021, can be submitted until the 20th of each month.
- When the quarterly regime is in place, the periodic VAT returns to be delivered in November 2020, as well as in February and May 2021, can be submitted until the 20th of each month.
- The payment of the tax assessed in each periodic VAT returns mentioned above, can be made until the 25th of each month, regardless the VAT regime applicable (monthly or quarterly).
|
VAT regime |
VAT return |
Submission Deadline |
Payment Deadline |
|
|
Monthly |
2020 |
September October November December |
20 November 20 December 20 January 20 February |
25 November 25 December 25 January 25 February |
|
2021 |
January February March |
20 March 20 April 20 May |
25 March 25 April 25 May |
|
|
Quarterly |
2020 |
3rd quarter 4th quarter |
20 November 20 February |
25 November 25 February |
|
2021 |
1st quarter |
20 March |
25 March |
|
Communication of inventory
- The 2020 inventories communication, must be made using the same file structure used in the 2019 inventory communication (made in 2020). The deadline to communicate the 2020 inventory remains unchanged at January 31st, 2021.
- The 2021 inventories communication, must be made using the new file structure foreseen in the Ordinance n.br 126/2019, May 2nd. The deadline to communicate the 2021 inventory remains unchanged at January 31st, 2022.
Form 10 statement
The 2020 Form 10 statement (“Modelo 10”) can be filed until 25 February 2021.
2020 Company’s Simplified Information / Annual Statement (“IES/Declaração Anual”)
The Portuguese Tax Authority assumes the commitment to make available on its website (“Portal das Finanças”), as from January 1st, 2021, the possibility of filing the 2020 Company’s Simplified Information / Annual Statement (“IES/Declaração Anual”). The deadline for filing this statement remains unchanged (at the 15th day of the 7th month following the end of the tax year).
2020 Corporate Income Tax Return
The Portuguese Tax Authority assumes the commitment to make available on its website (“Portal das Finanças”), as from March 1st, 2021, the possibility of filing the 2020 CIT return and the payment of any tax due. The deadline for filing the 2020 CIT return and the payment of any tax due remains unchanged (at the last day of May or last day of the 5th month following the end of the tax year).
To clarify any question, do not hesitate to contact us.