Automatic personal income tax: who benefits from this tax innovation? Indeed, since its implementation in 2017, this has been a key question. This article aims to clarify everything about the Automatic IRS. In fact, we're going to explain who qualifies for this system and how you can simplify the submission of your tax return.
Understanding the Automatic IRS
Firstly, what is Automatic IRS? This innovative system automatically completes taxpayers' personal income tax returns. It uses the information provided by employers to the IRS. In this way, for many, the process of submitting their tax return becomes simply a matter of checking.
Who benefits?
So, moving on to the central question: who benefits from Automatic IRS? They are eligible:
- Residents in Portugal all year round;
- Individuals without Non-Habitual Resident status;
- People with income exclusively from Portuguese sources;
- Taxpayers with income from dependent work or pensions.
Since 2021, self-employed workers under the simplified regime have also fallen into this category. Therefore, the scope of IRS Automático has expanded, now covering a broader spectrum of taxpayers.
The clear advantages
The advantages of this system are therefore obvious. Firstly, the convenience is undeniable, cancelling out the need to fill in the declaration manually for many. In addition, the risk of errors is minimised, since the data comes directly from the competent authorities.
How to Check Eligibility?
So how do you find out if you're covered? The best practice is to consult the Finance Portal here. If you are eligible, the process of submitting the declaration is greatly simplified. Simply check and validate the data that the system automatically provides.
Conclusion: Simplification within Reach
In conclusion, the IRS Automatic is a great facility, promising to ease the burden of the tax season for many taxpayers in Portugal. So if you're one of those eligible, don't let this opportunity pass you by. After all, who benefits from IRS Automático? This system is a milestone in the modernisation of tax obligations, reflecting the commitment to making life easier for taxpayers. Check your eligibility today and, if possible, take advantage of the simplicity it offers.
If you have any doubts or questions about filling in your IRS form, don't hesitate to contact Serro & Andrade.
