20 January 2021
Portugal has approved amendments to update the corporate and personal income tax return forms, considering legislative changes made in 2020 and the need to introduced improvements in the forms.
Order no. 314/2021 approves amendments to the corporate income tax return (Modelo 22), its annexes, and its instructions. Some of the main changes concern the different annexes, including:
Ordinance No. 8/2021 approves amendment to the personal income tax return form (Modelo 3), its annexes, and its instructions. This includes changes in relation to allowed tax deductions for health and education expenses incurred with dependents under foster care, changes in relation to newly listed high value added activities, and changes in relation to expenses incurred under long-term renting contracts.
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