This annual IRS campaign concerns income obtained in 2023 and will allow the State to settle accounts with citizens.

“Taxpayers who need support or clarification of doubts can use the various AT service channels, such as the e-balcão or the AT Telephone Service Center (217 206 707). AT also provides face-to-face assistance at the Finance Services, and scheduling can be done via the Finance Portal or the AT Telephone Service Center. It is recommended that taxpayers who opt for in-person assistance make an appointment in advance”, informed the Ministry of Finance in a statement.

As usual, this year's annual IRS campaign runs from April 1st to June 30th, the regular deadline for all individual taxpayers to submit their income declaration on the Finance Portal, as well as the corresponding annexes relating to Model 3.

Last year, almost six million IRS declarations were submitted within the same deadline, the Ministry of Finance announced in July 2023, after the previous campaign concluded.

To submit the declaration, taxpayers must log in to the Finance Portal and go to the IRS area. One of the quickest ways to do this is to type “IRS” in the portal's search bar and then choose the IRS option. It is from this panel that you can access the declaration filling tool or the Automatic IRS.

An increasing number of taxpayers benefit from Automatic IRS, a measure that allows them to submit a first declaration in just a few clicks. To do this, the Tax Authority uses taxpayer data to which it already has access. But this does not take away each person's responsibility to confirm that their data is correct.

Submitting the IRS declaration is mandatory for most taxpayers, as income tax is progressive. This means that it can only be calculated in the following year, as it is necessary to take into account all income obtained from January 1st to December 31st of each year.


Crypto

This will be the first year in which the Tax Authorities will charge IRS on capital gains obtained from the sale of crypto actives, such as cryptocurrencies, in cases where they were held by taxpayers for a period of less than one year. Crypto assets held for more than one year are exempt from taxation.

Furthermore, it will be the first year in which it will be mandatory to include capital gains generated by the sale of assets such as shares, held for less than a year, when the taxpayer in question has very high income, falling into the last bracket of the IRS. , that is, with annual earnings exceeding 78,834 euros. In other words, the profit obtained from the sale of those securities “will no longer be taxed at the autonomous rate of 28% or 35%, in the case of tax havens, to pay the maximum tax rate: 48%.

The mandatory inclusion of capital gains short-term period, called “speculative”, which must be reported in Annex G of the IRS declaration, was a measure approved in the State Budget for 2022, with effect from January 1, 2023, now translating into the declaratory obligation this year, which refers to last year's earnings.