By 2019-08-19 InPortugal
 

State bailiffs claw back €533.6 million in tax debts, up 22% on 2018

In the first half of 2019, the Portuguese State clawed back €533.6 million in debt owed to the tax authorities.

This was following a voluntary invitation to pay off tax debts in arrears. The coercive programme resulted in an increase of 22% in owed taxes being paid on the previous year.

The daily newspaper Diário de Notícias reported on Friday, August 16 that the amount of tax in arrears clawed back through coercive measures was the highest ever.

According to a provisional account, the taxes involved are direct ones – IRS and IRC – from which €256.8 million were salvaged in the first half of the year, 30% more than the same period in 2018 when the amount had been €198 million.

The second largest slice of recovered taxes was from indirect taxes (IMI property rates, VAT, IUC car tax and ISP petroleum and gas products) and which resulted in €135 million, equivalent to a 11% increase like-for-like.

Regarding rates, fines and other penalties, the amount squeezed from defaulters rose 27% like-for-like to €112.7 million.

Meantime, bounced cheques handed to the State represented €3.7 million – three times the amount on the same period last year.

According to the Tax Authority Activity Plan for this year, the AT (Autoridade Tributária e Aduaneira) has a target to reclaim between €945 million and €1.1 billion. By the first half of this year, the taxman had achieved half of this amount.

www.essential-business.pt


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