Did you know that it is possible to pay taxes in installments? The Portuguese Tax Authority (AT) outlines two methods to do so in a social media post.
1 – On Request
“It must be requested within 15 days after the payment deadline indicated on the tax notice, either in person or on the Finance Portal under Citizens or Companies > Services > Installment Plans > Simulate/Register Request,” the AT explains, adding: “Select the number of installments; up to 36 installments can be chosen, provided that each installment is at least 25.50 euros.”
Additionally, there is a provision for waiving guarantees if the:
- Debt amount is 5,000 € or less (for individuals) and 10,000 € (for companies); or
- Desired number of installments is 12 or fewer.
2 – Automatic
“The installment plan is automatically generated by the services when a tax debt remains unpaid by the deadline and the debtor has not requested installment payments,” the AT further clarifies.
The following conditions apply:
- The debt must still be under voluntary collection;
- The debt amount must be 5,000 € or less (for individuals), or 10,000 € or less (for companies).
Which Debts Are Eligible?
According to an informational pamphlet from the Tax Authority, eligible debts include:
- Personal income tax (IRS);
- Corporate income tax (IRC);
- Value-added tax (VAT) – when settlement is initiated by the services;
- Municipal tax on onerous property transfers (IMT) – when settlement is initiated by the services;
- Single road tax (IUC).
Moreover, there is a provision for waiving guarantees if:
- The debt amount is 5,000 € or less (individuals) or 10,000 € or less (companies); or
- The desired number of installments is 12 or fewer.
“In cases where the waiver is not applicable, it is necessary to offer a mortgage or independent guarantee, including a bank guarantee or surety bond,” specifying that “the guarantee covers the debt amount and accrued interest up to the conclusion of the granted payment plan.”
“The guarantee must cover the entire period allowed for payment, plus three months, and it must be filed within 15 days from the installment plan notification, except in the case of a mortgage, which can be extended up to 30 days,” the document states.
Lusa | 17:33 – 14/10/2025
