Adjustments to the tax calendar 2020 and 2021

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 20^th 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 20^th of each month.
• The payment of the tax assessed in each periodic VAT returns mentioned above, can be made until the 25^th 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 31^st, 2021.
• The 2021 inventories communication, must be made using the new file structure foreseen in the Ordinance n.^br 126/2019, May 2^nd. The deadline to communicate the 2021 inventory remains unchanged at January 31^st, 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 1^st, 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 15^th day of the 7^th 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 1^st, 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 5^th month following the end of the tax year).

 

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