Individuals notified to pay IRS this year have the option to do so in installments, according to guidelines provided by the government through Instagram. The process consists of six key guidelines:
- Deadline for Requesting Installment Payment:
Taxpayers have a window of up to 15 days from the final date of payment on their billing notice to submit a request. - How to Submit the Request:
Access the “Portal das Finanças” and follow these steps:
• Cidadãos
• Serviços
• Planos Prestacionais
• Simular/Registar Pedido - Number of Installments Available:
Up to 36 installments can be requested, with a minimum monthly payment of €25.50. The calculation for installments excludes any late payment interest. - Is a Guarantee Required?
A guarantee is waived if:
• The debt is €5,000 or less, or;
• The number of requested installments does not exceed 12. - When Do Payments Begin?
The first installment must be paid by the end of the month following the plan’s authorization. - Consequences of Non-Compliance:
Failure to pay any installment will lead to the immediate due date of subsequent payments and the issuance of a debt certificate, potentially initiating a tax enforcement process.
