Thursday, February 26, 2015

78 municipalities give discount next IRS – Saturday Magazine

11:47 • Business Journal

In 2014 IRS rates remained at maximum and the minimum in tax deductions, and lasted the “huge increase” taxes decreed by the current government and the troika. However, there are more and more municipalities that make up this effect, giving a discount on their IRS tax residents:. This year will be 78, and Lisbon stands out among the largest urban centers


period delivery of tax returns last year begins on Sunday, March 1, and lasts until late May. Declarative rules are the usual (only from the IRS this year is that they change) and the tax burden levels will offer surprises.

At the time of final settlement of the tax, a wider range taxpayers will benefit from a discount, “offered” by the municipality of their fiscal residence. According to the Tax and Customs Authority, this year are 78 municipalities to waive part of the IRS on behalf of taxpayers, a number that is still small (are concerned only 25% of the country’s municipalities) is the highest ever.


As usual, it is mainly the smaller municipalities that most adhere to this tax benefit, but there are also large municipalities to do so. The case of greater significance is Lisbon, where taxpayers with tax residence in the capital, can expect a return of 2.5% of the IRS.

Cascais and Amadora return about half, 1 3% and 1.2%, respectively, and dispense Sintra 1% of IRS assessment. Already in the urban centers to the north scarce good news:. Authorities as the Porto, Vila Nova de Gaia, Maia and Matosinhos were with all of the 5% IRS in their vaults


These discounts municipal tax have a budgetary allocation of 50 million euros, as a whole, equivalent to 13% of personal income tax revenue amealhada by local authorities in this way of financing. Lisbon is who loses more money:. The tax rebate that gives its citizens worth EUR 28.4 million


was from 2008, with the entry into force of the new Law of Finance local (LFL) the cameras started to have a say on IRS and will be entitled to waive part of the IRS that the Central State transfers them the benefit of its residents.

Anyone who wants to toast their citizens with tax relief, notify the Finance the percentage you want to return them – between 0% and 5% of the collection -. and these are the discount together in the settlement note


> taxes that municipalities may dispense are returned in the form of tax deduction, taxpayers residing in its jurisdiction. The aim was that the cameras increase tax competition among themselves and were directly accountable for its budgetary management.

In the early years
adherence to this instrument was modest and was practically limited to the municipalities of small and interior, and even shrunk in the years biggest financial squeeze.

From the last local elections, however, adherence to the instrument espevitou, as witness António Costa, who, having been the creator of this instrument on the Law of Local Finance, as Minister of Internal Affairs, the Council of Lisbon only began to use His 2013 onwards.


Next year, when it is time to deliver the IRS 2015, already are 90 municipalities to give this discount.

Click here to find out about the 78 municipalities.

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