Over four million personal income tax returns have been submitted, according to the latest data from the Finance Portal. The current average processing time for automatic IRS submissions stands at 13.4 days.
The most recent figures indicate that 4,188,653 IRS returns had been filed by 1:34 a.m. on Monday.
“All automatic IRS declarations have already been processed and paid, with an average payment time of 13.4 days. Last year, it was around 12 days, considering there were three days of system downtime, we are at last year’s level,” stated Finance Minister Joaquim Miranda Sarmento during the ‘Grande Entrevista’ program.
The minister further revealed that “1.2 million refunds” have already been processed and assured that the “IRS campaign is proceeding as normally as every year,” as cited by the newspaper Eco.
It is important to remember that taxpayers have until the end of June to submit their IRS declarations.
