Sunday, April 18, 2010
If you are living and working in Portugal, today (18/04/2010) is the last day to declare income tax on earnings from pensions or wages from dependant labour. You can do so online at http://www.portaldasfinancas.gov.pt/ You do need the password sent by Portuguese Revenue in order to log in.
Conversely, if your earnings come from other sources (for example, you are classified as an independent worker, meaning you receive your earnings by way of the infamous “recibos verdes”, or are declaring capital gains, property earnings, etc.), you have until the 28th of May to declare your income tax via the internet.
One word of warning though, if you do not hand in your tax files on time, you may be obliged to pay a fine that can go from €100.00 to €2,500.00. And that’s not all, be extra careful while filling out the forms, because mistakes or omissions can also cost you fines from €25.00 to €15,000.00. Ouch.