The deadline for the first payment on account of IRS in 2020 has been extended to 31 August.
The Deputy Secretary of State and Tax Affairs, António Mendonça Mendes, justifies this decision with the current pandemic context, through order no. 258/2020 – XXII, also recalling that the Supplementary Budget already approved in Parliament, includes measures to make compliance with tax obligations more flexible.
In the above-mentioned order, the Assistant Secretary of State for Tax Affairs explains that since measures have been adopted to mitigate the effects of the COVID-19 pandemic, and that corporate income taxpayers have already been granted the right to make the first payment on account and the first additional payment on account until 31 August 2020, it determines that the first payment on account for corporate income tax in 2020, to be made in July, pursuant to article 102 of the Taxation and Social Security Code (COVID-19), shall be made in accordance with the provisions of article 102 of the Taxation and Social Security Code. The first payment on account in 2020, to be made in July, pursuant to Article 102 of the IRS Code, may be made until 31 August 2020, without any additions or penalties.