Newsletter #6

Dear Customers and Friends, We begin this newsletter with an alert from the Bank of Portugal. There have been cases of bank fraud in which, using malware previously installed on the computer of the person making a transfer via homebanking, a third party changes the IBAN of the beneficiary's payment account when the transfer is made. Even before authorizing the bank transfer, check the IBAN entered. Bank of Portugal alert can be consulted here. 

Be aware of these situations! 

As usual, we are sharing a number of topics, the documentation for which can be found in the respective annexes below. Please do not hesitate to get in touch if you need further clarification.

Best regards

#1 - Doubtful or uncollectible debts - Settlement in favor of the taxable person (Art. 78-A)

AT Binding Information, Case no. 25540  

VAT regularization in the context of a PER, in which there is no forgiveness of principal, but an agreement to pay in installments.

#2 - Settlement of bad and doubtful debts

AT Binding Information, Case no. 25624  

VAT adjustment in the event of an application for an injunction and subsequent insolvency.

#3 - IRC - Special payments on account (Return)

The Tax Authority Portal allows the electronic submission of requests for the return of PECs submitted under the terms of article 93 of the CIRC. This possibility is not yet available for Groups of Companies, as well as for companies that have resulted from Mergers or Spin-offs. You can follow the following path on the Portal: Citizens > Services > IRC Prepayments > Model P1 Payment Guide > Submitting a Payment Document

#4 - VAT - List I, item 2.37

Circular 25025 of March 08, 2024 

Amendments to item 2.37 of list I annexed to the VAT Code.