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Instalment payment option for social security contributions and taxes
Social Security, Withholding Tax and VAT
(updated 14/04/2020)

This document was updated on the above date. Nevertheless, and as has proved necessary in recent days, its contents may be altered as a consequence of the publication of new legislation.

The taxpayer must elect to make phased payments over a 3 or 6-month period at both the social security and tax portals. As of today, this option to phase payments over a 3 or 6-month period is not yet available on either the Portal da Autoridade Tributária (tax office portal) or the Portal da Segurança Social Directa (social security portal).

The analysis of billing referred to below is based on the billing SAFT.

Form 22, IRC (corporation tax), Special Payment on Account and Payment on Account

 

Normal Deadline

Postponed Deadline

Special Payment on Account

31 March

30 June

Form 22 2019

31 May

31 July

IRC 2019

31 May

31 July

1st Payment on Account

31 July

31 August

 

  • The due dates for the 2nd and 3rd payments on account have not yet been confirmed.

Social Security Contributions

  • Companies may pay their social security contributions in instalments over 3 or 6 months. That is, they may defer the 23.75% charge (paid by the business).
  • The 11% (employee) contributions may not be paid in instalments.
  • If one instalment payment is missed, the company will lose its entitlement to pay its dues in instalments.

 

Who can benefit?
  • Self-Employed Workers.
  • Companies with up to 50 employees.
  • Companies with between 50 and 249 employees, provided they can show a year-on-year fall in billing of 20% in March, April and May 2020.
Which payments may be made in instalments?
  • Companies: the payments due in March, April and May.
  • Those companies that paid their contributions (for February) in full by 20 March may defer the contributions payable in April, May and June.
  • Self-Employed Workers: payments due in April, May and June.
  • Payments may be made over 3 or 6 months.

 

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IRS (income tax) and IRC (corporation tax) Withholdings

 

Who can benefit?
  • All self-employed workers
    Companies that billed less than 10 million euros in 2018.
  • Companies that billed over 10 million euros, provided that billing has fallen by at least 20%. The average amount billed in the three months prior to payment (of the tax obligation) is compared with the same three months of 2019.
Which payments may be made in instalments?
  • All IRS and IRC withholdings due on 20 April, 20 May and 20 June, with the first instalment due by the compliance deadline (up to the 20th) and the remaining instalments by the same day of the following months.
  • Payments may be made over 3 or 6 months.

 

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VAT

 

Who can benefit?
  • All self-employed workers
    Companies that billed less than 10 million euros in 2018.
  • Companies that billed over 10 million euros, provided that billing has fallen by at least 20%. The average amount billed in the three months prior to payment (of the tax obligation) is compared with the same three months of 2019.
Which payments may be made in instalments?
  • Monthly VAT: 15 April, 15 May and 15 June.
  • Quarterly VAT: 20 May.
  • Payments may be made over 3 or 6 months.

 

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