This value exceeds by 4.3% the annual target set by the Tax and Customs Authority.
The coercive collection reached in 2014, 1,148 million euros, exceeding by 4.3% the value set by the Tax and Customs Authority:. 1,100 million
“This result demonstrates the increased effectiveness in enforcing payment of tax debts and combating non-compliance and tax evasion, result of modernization and reform operated in the past four years in the Portuguese tax authorities “can read a statement from the Ministry of Finance issued this Friday, January 16th.
The ministry led by Mary Louis Albuquerque also states that voluntary compliance by taxpayers reached last year, the highest level ever. “Indeed, in 2014, voluntary compliance in the three main taxes (VAT, personal and corporate income) reached a record value of 93.4% (representing a failure rate of only 6.6%).”
This compares with 87.2% in 2010, representing a default rate of 12.8%.
As part of the strategy to combat the underground economy and tax evasion The Government will continue to develop the reform of invoicing (e-bill), “through electronic communication inventories” and deepen “exchange of information based on the Monthly Statement of Remuneration”.
“In 2015 will be further reinforced the commitment to the Large Taxpayers Unit, started in 2012 (with effect on IRC), through detailed monitoring of large Portuguese economic groups, which account for about 60% of tax revenue collected in Portugal. At the same time, AT will hold a strengthening unprecedented control of illegal rentals throughout the national territory, “the statement of Finance.
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