English Translation of IRS Tax Assessment (Demonstração de Liquidação de IRS)
A guide to help you understand your Portugal IRS tax assessment.
Overview
The Portuguese Tax Authority provides your annual IRS tax assessment (Demonstração de Liquidação de IRS) in two ways:
1. A physical document is mailed to the address associated with your NIF (see sample below)
2. Online through Portal das Finanças (see sample below)
The contents of the document are the same, the formatting just looks slightly different. Since your IRS tax assessment is only available in Portuguese, we created this English translation of the guide to help you understand the document.
English Translations
Here are translations of line items 1-29:
1
Rendimento global
Global income
2
Deduções específicas
Specific deductions
3
Perdas a recuperar
Recoverable losses
4
Abatimento por mínimo de existência
Deduction for minimum subsistence
5
Deduções ao rendimento
Income deductions
6
Rendimento coletável
Taxable income
7
Quociente rendimentos anos anteriores / Propriedade intelectual
Previous years' income / intellectual property ratio
8
Rendimentos isentos englobados para determinação da taxa
Exempt income included in determining the rate
9
Total do rendimento para determinação da taxa
Total income for determining the rate
10
Quociente familiar
Family quotient
11
Importância apurada
Amount calculated after applying the tax rate
12
Parcela a abater
Portion to be written off
13
Imposto anos anteriores / Propriedade intelectual
Previous years tax / Intellectual property
14
Imposto correspondente a rendimentos isentos
Tax corresponding to exempt income
15
Taxa adicional
Additional solidarity rate
16
Excesso em relação ao limite do quociente familiar
Excess over the family quotient limit
17
Imposto relativo a tributações
autónomas
Taxes related to flat taxation
18
Coleta total
Total collection
19
Deduções à coleta
Collection deductions
20
Benefício municipal
Municipal benefit
21
Acréscimos à coleta
Additions to collection
22
Coleta líquida
Net collection
23
Pagamentos por conta
Payments on account
24
Retenções na fonte
Withholding tax
25
Imposto apurado
Assessed tax
26
Juros de retenção-poupança
Withholding tax on savings interest
27
Sobretaxa-resultado
Income surcharge
28
Juros compensatórios
Compensatory interest
29
Juros indemnizatórios
Indemnity interest
Then at the bottom of the table, you will see the following:
Taxa Efetiva de Tributaçã
Effective Tax Rate
Valor apurado (if there is no amount to pay or receive)
Calculated value
Valor a pagar (if you have taxes to pay)
Amount to pay
Valor a reembolsar (if you are entitled to a refund)
Amount to be refunded
Next Steps
Your IRS tax assessment will come with notes / instructions for next steps.
- Valor apurado – if your assessment says "Valor apurado", this means that there is no amount for you to pay nor refund to be expected.
- Valor a pagar – if your assessment says "Valor a pagar", this means that there are taxes for you to pay. Refer to the following information on the document:
- Valor a Pagar – Amount to Pay
- Data Limite de Pagamento – Payment Deadline
- Referência para Pagamento – Payment Reference
- Valor a reembolsar – if your assessment says "Valor a reembolsar", this means that you are entitled to a refund. The amount will be transferred to the IBAN that you provided when you filed your personal tax return.
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