Tuesday, April 1, marks the start of the IRS filing campaign related to income earned in 2024. The electronic submission process remains similar to previous years, with many taxpayers likely included in the automatic IRS system.
Generally, taxpayers are advised not to submit their IRS in the initial days to allow for the identification and correction of any potential errors. Nonetheless, submissions can be made starting today.
1 – Automatic IRS to Include More Taxpayers
The automatic IRS refers to the automatic income declaration, “which includes a provisional declaration for each tax regime—separate or joint—and the respective liquidation demonstrations,” according to the Tax Authority (AT).
“The provisional declaration is pre-filled based on data—income and expenses—reported by third parties and the family unit data,” explains the AT, noting that “it becomes definitive on the date you confirm its elements, which must occur within the deadline—April 1 to June 30.”
Check your eligibility here:
Know the rules and find out if you qualify under the conditions.
Notícias ao Minuto | 08:11 – 26/03/2025
2 – Will Refunds Arrive Faster?
The Secretary of State for Fiscal Affairs, Cláudia Reis Duarte, indicated in a weekend interview that the trend of reducing the average tax refund processing time will continue this year, expected to be shorter than the 13 days observed in 2024.
“Last year, during the 2024 campaign for 2023 income, the average refund time fell slightly below 13 days. The expectation is to continue this trajectory of reducing the processing time, especially for automatic IRS,” stated Cláudia Reis Duarte.
The government confirmed that the plan to reduce the average IRS refund processing time will be maintained this year, aiming for less than the 13 days recorded in 2024.
Notícias ao Minuto | 08:39 – 31/03/2025
3 – Are Unvalidated IRS Expenses Lost?
If taxpayers do not meet the deadline, health, education, care home, and property expenses that are not validated are not lost permanently.
“They are not lost, but if not validated within the deadline, these expenses will not be auto-accounted by the Tax Authority. Taxpayers will need to manually declare these deductions in their IRS filing,” explains DECO PROTeste.
Learn what to do here:
The deadline to validate IRS invoices has passed. What happens to unclassified expenses?
Notícias ao Minuto | 08:40 – 03/03/2025
4 – Do You Have to Declare Deposit Interest on IRS?
The Council of Ministers approved in February the decree-law that eliminates the requirement to report, in the IRS declaration, income not subject to IRS, such as meal allowances, and those subject to withholding taxes, such as interest.
The decree, besides eliminating the reporting of such income categories, further clarifies “which assets retained in countries, territories, or regions with a significantly more favorable tax regime must be declared, to ensure legal certainty and effective operationalization of this obligation,” according to the statement released after the Council of Ministers meeting.
Clarify your doubts!
Notícias ao Minuto | 11:08 – 11/03/2025
5 – Filing IRS Jointly or Separately? AT Guide Explains Conditions and Limits
There is a guide from the Tax Authority (AT) that details the applicable conditions and limits for deductions, regardless of whether the IRS is filed jointly or separately.
It is recommended to simulate both options during submission to determine which is most advantageous, but reading this informational leaflet can help understand the differences. Access the guide here (starting on page 5).
Stay informed.
Notícias ao Minuto | 10:53 – 24/03/2025
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