Portuguese Tax Calendar 2024

But what is a tax calendar? How does it work? And what tax obligations do Portuguese taxpayers have in 2024?

In the following lines, we'll analyze in detail all the reporting and payment obligations due to the Autoridade Atributária e Aduaneira (Portugal's tax authority) in the upcoming calendar year.

But first, let's see what your main payment and reporting obligations are for 2024:

Portuguese Tax Calendar 2024: Payment Obligations

These are the payment deadlines designated in the Portuguese fiscal calendar for 2024:

Note: All IUC payments related to vehicles that are not pleasure craft and aircraft must be paid in the month of registration (before its end).

Portuguese Tax Calendar 2024: Reporting Obligations

These are the deadlines for submitting tax declarations in Portugal in 2024:

Note: Several changes are expected for the PIT (Personal Income Tax) brackets in 2024, including a decrease in rates up to the 5th bracket. Inform yourself about these changes before submitting any PIT declaration.

Tax Calendars

What is a Tax Calendar?

In Portugal, a tax or fiscal calendar is a schedule featuring important deadlines related to taxes and fiscal obligations that taxpayers, whether individuals or legal entities, need to fulfill throughout the year. It generally includes deadlines for tax reporting, tax payment, submission of fiscal documents, and other tax obligations.

A tax calendar also serves as a guide to help taxpayers meet their fiscal responsibilities, avoiding fines for delays in fulfilling obligations to tax authorities.

What Are the Benefits of a Tax Calendar?

Here are some of the main benefits of a tax calendar: 

• Better financial planning: With a tax calendar, taxpayers know in advance what contributions are due.

• Fewer fines: By knowing the deadlines for reports, tax payments, and other obligations, taxpayers can avoid fines for delays.

• Document organization: Facilitates the organization of necessary documents for tax declarations, ensuring all data and information are ready at the right time.

• Reduced stress: Many taxpayers feel anxious about paying their taxes and missing deadlines with the AT. Therefore, having an organized tax calendar contributes to stress reduction.

Attention: A tax calendar is an extremely useful tool that helps you fulfill your legal responsibilities with greater security and efficiency. However, it should never replace professional advice. To ensure you never miss a periodic declaration, consult with experts.

What Are the Taxes in the Fiscal Calendar in 2024?

The Portuguese fiscal calendar for 2024 includes five main different types of taxes: Personal Income Tax, Corporate Income Tax, Stamp Duty, Value Added Tax, and Unique Circulation Tax. Here's what each of these taxes represents: 

• Personal Income Tax (PIT): PIT applies to the income of individuals in Portugal. It's a progressive tax, meaning the more you earn, the higher the tax rate. It covers income such as salaries, pensions, and capital gains (among others). Freelancers working in Portugal are also obliged to pay these taxes.

• Corporate Income Tax (CIT): CIT is the tax applied to the profits of companies in Portugal. It's a type of business tax that applies to the income of legal entities such as corporations, companies, and other profit-making entities.

• Stamp Duty: It's a tax that applies to acts, contracts, documents, titles, operations, and other situations specified by law. It can also apply to a wide range of transactions, such as lease contracts, credits, insurance contracts, and others.

• Value Added Tax (VAT): VAT is an indirect tax that applies to the consumption of goods and services. It´s charged at all stages of production and distribution but effectively paid for by the consumer. There are different VAT rates for different types of goods and services. 

• Unique Circulation Tax (IUC): An annual tax applied to motor vehicles registered in Portugal. The value of IUC varies according to various vehicle characteristics, such as engine displacement, age, and fuel type.

Each of the above-mentioned taxes has specific rules and regulations that must be followed by individuals and companies according to Portuguese tax legislation.

Autoridade Atributária e Aduaneira (AT) and Finance Portal

What is the Role of the AT and the Finance Portal?

How Can I Pay Taxes or Submit Declarations on the Finance Portal?

Paying taxes on the Finance Portal couldn't be simpler! Just do the following: 

2. In the main menu, select "Pay" to pay taxes or "Submit" to submit declarations.

3. Choose the tax or periodic declaration you want to pay/submit (search for "PIT" or "CIT" to easily find the tax).

4. Fill in the required data. 

5. Complete the payment or declaration submission. 

6. Keep documentary records of the operation for future tax purposes. 

Each type of tax or declaration may have a specific process on the Finance Portal, so make sure to follow the guidelines provided on the site for the particular type of action you want to perform. If you have doubts or difficulties, the Finance Portal support can be contacted for additional assistance.

Tips for Good Fiscal Conduct

Having a tax calendar is great for keeping your fiscal health in check, but there are other hacks that can help individuals and companies never miss a payment or submission deadline.

In conclusion, here are some of our suggestions: 

• Keep your financial and fiscal documents organized and up-to-date. 

• Understand the different taxes that apply to you. 

• Pay your taxes within the established deadlines to avoid fines and interest for delays. 

• Be accurate and honest when filling out your tax declarations. 

• Stay aware of any legislative changes that may affect you. 

In case of doubt, consult with experts. If you are starting a business or startup in Portugal and need help keeping your accounts in order, the business services of the Rauva super app can assist you: