Latest news and stories about tax refund in legal in Portugal for expats and residents.
A technical error within the tax authority's systems has resulted in rejected bank transfers for tax refunds, despite valid IBAN verification, though officials claim the issue is isolated.
Taxpayers with lower incomes, including pensioners, may be eligible to recover tax withheld at source on interest income.
Tax experts outline several strategies to maximize IRS refunds or reduce tax liabilities, including utilizing Retirement Savings Plans (PPR), charitable donations, joint filing, and optimizing expense deductions.
Supreme Administrative Court decision corrects an interpretation adopted in 2019
An “isolated” error due to “IT constraints” is causing some IRS tax refunds to be rejected by certain banks. The tax authority guarantees the situation is not widespread.
If the annual tax settlement results in a refund of less than 10 euros, the tax authority does not return the money. Likewise, if the payment due is less than 25 euros, it does not collect it either.
In this special episode of 'Vamos a contas', Pedro Andersson answers real questions from listeners that could completely change the amount of their tax refund. A concrete example: one listener was going to receive 500 euros... but by correcting an error regarding her children in the household, she will now receive 1,900 euros. Pay attention to this detail.
Is it worth filing the automatic IRS? The advantages include ease of use, immediate filing, no risk of forgetting details or incurring fines, and faster tax refund payments. However, it is not always the most advantageous option, warn several tax experts consulted by ECO. For starters, not all deductible expenses may be pre-filled, particularly regarding rent.
This year's IRS campaign is now underway. See the main steps to ensure everything goes smoothly and how long you will have to wait to receive your refund, if you are entitled to one.
There is about a week left until the start of the IRS tax return filing period — and you might be about to lose money without knowing it. In this special episode of Contas-poupança, I speak with Paula Franco, head of the Order of Certified Accountants, to explain, in a clear and practical way, what you really need to check before clicking the 'submit' button.
