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Tax authorities refund €1.26 billion in April

Tax authorities refund €1.26 billion in April

Portugal’s finance ministry paid €1.26 billion regarding 1,187,716 refunds in the first month of the personal income tax (IRS) campaign, authorities said.
Between 1 and 30 April, tax authorities refunded a total of 2,582,366 tax declarations, 167,000 more than in the same period 2018.

The ministry said that a total of 2,666,9993 personal income tax declarations were validated in April, which corresponds to “about half of the potential universe” of taxpayers who submit personal income statements, and 41.2% were joint taxation.

Automatic tax declarations represent 41.5% of the total, compared to 31% last year, which shows that more and more people are embracing and relying on the system.