Saturday, October 8, 2016

“There will be no tax relief,” says Costa – Jornal de Negócios – Portugal

The prime minister said this Friday, October 7, that “there will be no forgiveness tax”, ensuring that the objective of the special regime yesterday announced by the Government is to create conditions so that companies can pay, but “no pardon for what should be”.

“The State has taken an important step to relieve the pressure of the tax debts of many companies with respect to Social Security and the Tax Administration. It’s not about any tax relief, because who should you will have to pay what they should,” said Antonio Costa, during the initiative COMPETES-2020 Operational Programme for Competitiveness and Internationalisation, which took place in Montijo.

The Council of Ministers approved on Thursday a special regime to reduce the tax debts and Social Security, and the taxpayers be exempt from interest if they pay the entire debt or benefit reductions if you opt for payment in instalments.

The prime minister clarified that the aim is to create conditions so that viable companies can afford without compromising the development of its business.

“Can you make up to 150 benefits only free of interest and without court costs, but without forgiveness of what we should”, he defended.

António Costa added that the duty of contributing to the Social Security and pay taxes “is a duty that can not be negotiated and can’t be forgiven,” referring that “it is a duty of citizenship” and that all must comply with their obligations.


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