Tax refunds have started to be credited to taxpayers’ accounts, although there is a minimum limit of 10 euros. This means that if one is entitled to an amount below this threshold, they will not receive it.
“There is no entitlement to a refund when, as a result of settlement, even additional, restitution or settlement, the amount to be returned is less than 10 euros”, states the Portal das Finanças.
It should be noted that taxpayers are entitled to an IRS refund in “situations where the tax paid by withholding at source or payment on account is greater than the tax finally due.”
The Tax Authority (AT) further explains that the “issuance of the refund resulting from the settlement made based on the declaration submitted within the legally stipulated deadlines will be carried out by August 31, without prejudice to other deadlines provided for by law, namely when the declaration is submitted beyond the legal deadline.”
Taxpayers can submit their IRS declarations until the end of June.
