Tax authority recovers 642 million euros from large taxpayers
Inspections conducted by the Tax and Customs Authority (Autoridade Tributária e Aduaneira or AT) identified 642 million euros in unpaid taxes among large taxpayers, marking a 6.64% increase from the previous year. The corrections primarily focused on Value Added Tax (Imposto sobre o Valor Acrescentado or IVA) and Corporate Income Tax (Imposto sobre o Rendimento das Pessoas Colectivas or IRC). These findings were detailed in the latest report on combating tax fraud and evasion.
Tax debt is any tax owed to the Tax and Customs Authority (Autoridade Tributária e Aduaneira) that was not paid by its deadline, such as IRS, VAT or IMI. Unpaid amounts accrue interest and can lead to enforcement proceedings (execução fiscal), and anyone with tax debt cannot obtain a certificate of good tax standing (certidão de não dívida), which is often required to receive public support or sign contracts with the state.
