VAT deferral
(Decree-Law 10-F/2020, of march 26, as amended by DL 99/2020
of november 22 and DL 103-A/2020, of december 15)
The Government published last December 15 the Decree-Law 103-A/2020 extending the previously published tax payment flexibility plan, which allows companies to defer in time the tax obligations (VAT) of the 4th quarter of 2020, the 1st quarter of 2021 and the months of December 2020 and January to April 2021.
Quarterly regime for delivery of VAT PD – 4th quarter 2020
1 – Taxpayers covered
All taxable persons covered by the quarterly regime for filing the periodic declaration.
2 – Payment Deadline
– Up to February 25, 2021;
– Or in three or six monthly installments, of an amount equal to or greater than €25, without interest.
If the installment plans are chosen, the total amount of VAT to be paid must be at least €75 or €150, depending on whether the installment plan is chosen in 3 or 6 installments
3 – Alternative – payment in installments
The monthly installments related to the installment plans referred to are due as follows:
– The first installment on the date of fulfillment of the payment obligation in question (February 25); each month or on the following business day).
– The remaining monthly installments on the same date of the subsequent months (25th of each month or on the following business day).
Quarterly regime for delivery of VAT PD – 1st quarter of 2021
1 – Taxpayers covered
All taxable persons covered by the quarterly regime for filing the periodic declaration.
2 – Payment Deadline
– Up to May 25, 2021;
– Or in three or six monthly installments, of an amount equal to or greater than €25, without interest.
If the installment plans are chosen, the total amount of VAT to be paid must be at least €75 or €150, depending on whether the installment plan is chosen in 3 or 6 installments
3 – Alternative – payment in installments
The monthly installments related to the installment plans referred to are due as follows:
– The first installment on the date of fulfillment of the payment obligation in question (May 25);
– The remaining monthly installments on the same date of the subsequent months (25th of each month or on the following business day).
Monthly regime for delivery of VAT PD – December 2020
1 – Taxpayers covered
Taxpayers included in the monthly regime who have obtained a turnover of up to €2,000,000 in 2019, or who have started or restarted their activity as of January 1, 2020, inclusive, are eligible for the VAT payment flexibility for the month of November 2020.
These taxpayers must also declare and demonstrate a decrease in the invoicing reported through the E-fatura (or turnover) of at least 25% in the monthly average of the full calendar year of 2020 in relation to the same period of the previous year.
2 – Payment Deadline
– Up to February 25, 2021;
– Or in three or six monthly installments, of an amount equal to or greater than €25, without interest.
If the installment plans are chosen, the total amount of VAT to be paid must be at least €75 or €150, depending on whether the installment plan is chosen in 3 or 6 installments
3 – Alternative – payment in installments
The monthly installments related to the installment plans referred to are due as follows:
– The first installment on the date of fulfillment of the payment obligation in question (February 25); each month or on the following business day).
– The remaining monthly installments on the same date of the subsequent months (25th of each month or on the following business day).
Monthly regime for delivery of DP IVA – January 2021 to April 2021 pay in March
2021 to June 2021
1 – Taxpayers covered
Taxpayers included in the monthly regime who have obtained a turnover of up to €2,000,000 in 2019, or who have started or restarted their activity as of January 1, 2020, inclusive, are eligible for the VAT payment flexibility for the month of November 2020.
These taxpayers must also declare and demonstrate a decrease in the invoicing reported through the E-fatura (or turnover) of at least 25% in the monthly average of the full calendar year of 2020 in relation to the same period of the previous year.
2 – Payment Deadline
– Until March 25 (to June 25) of 2021;
– Or in three or six monthly installments, of an amount equal to or greater than €25, without interest.
If the installment plans are chosen, the total amount of VAT to be paid must be at least €75 or €150, depending on whether the installment plan is chosen in 3 or 6 installments
3 – Alternative – payment in installments
The monthly installments related to the installment plans referred to are due as follows:
– The first installment on the date of the payment obligation in question (March 25 / April 25 to June 25);
– The remaining monthly installments on the same date of the subsequent months (25th of each month or on the following business day).
