Cooperatives, micro, small and medium-sized companies will continue in 2022 without being subject to higher autonomous taxation if they have made a profit in one of the three previous tax periods.
“In the context of the period of recovery of the economic effects resulting from the covid-19 disease pandemic, the provisions of article no. 14 of article 88 of the IRC Code [increase in autonomous taxation] is not applicable, in periods of 2022 taxation”, is read in the Budget of the Rest for 2022 (OE2022).
For this, the taxpayer must have obtained taxable income in one of the three previous tax periods and that there has been voluntary compliance with the tax obligations relating to the two previous tax periods.
At issue is paragraph 14 of article 88 of the CIRC which establishes that “autonomous taxation rates […] are high by 10 percentage points for taxable persons who present tax loss in the period to which they respect any of the tax facts referred to in the previous numbers related to the exercise of an activity of a commercial, industrial or agricultural nature that is not exempt from IRC”.
This aggravation is also not applicable in the 2022 tax periods, “when the tax period for the start of activity or one of the two following periods is at stake”, the document states. The measure will have an impact of five million euros in 2022.
On Monday night, the Government delivered to the Assembly of the Republic the proposal for OE2022, which foresees that the Portuguese economy will grow 4.8% in 2021 and 5.5% in 2022. The first parliamentary debate process of OE2022 will take place between October 22nd and 27th, the day on which the general vote will be taken. The final global vote is scheduled for November 25, at the Portuguese Parliament in Lisbon.