A new decree introduces over twenty measures affecting various taxes, such as IRS, IRC, IVA, and IMI. Most of these measures were outlined in the Fiscal Simplification Agenda approved by the government in January.
Regarding the IRS, the decree-law published today in the Diário da República shifts the deadline for family status communication from February 15 to the end of the month. This change also applies to the submission of proof of enrollment in an official or authorized educational institution on the Finance Portal.
The decree, taking effect on July 1, 2025, also adjusts the deadline for validating general family expense invoices and for public health establishments to report moderate fees paid by taxpayers to the Tax Authority. These amounts are essential for calculating health deductions.
Furthermore, income from categories B, E, and F will no longer require source withholding if the amount is less than 25 euros. Under current rules, exemption applied to category E (capitals) income when the amount was under five euros.
In terms of IVA, there is a significant change whereby taxpayers opting for the monthly IVA regime will no longer be obligated to stay in this regime for three years.
The legislation also mandates taxpayers to archive and preserve all records and supporting documents for 10 calendar years. This includes analyses, programming, and execution treatments if accounting is conducted through computer systems.
Other measures include extending the deadline to submit Model 10 declarations, used to report income paid to third parties, eliminating the need to physically submit architectural plans for property valuation, and simplifying rules regarding the recognition of impairment losses in non-current assets for IRC purposes.
