Want to know how much it will receive IRS surcharge? There is a simulator in the Portal of Finance – Jornal de Negócios – Portugal

Want to know how much it will receive IRS surcharge? There is a simulator in the Portal of Finance

The Tax Authority and Customs will provide as of today, July 24, a simulator where you can each taxpayer an estimate on how much it will receive surcharge IRS in 2016, when it made its assessment of the tax. For now, the AT estimates that the return can be 19% of the surcharge.

From this Friday, July 24, will be available on the Portal finance the development of the IRS tax credit surcharge. Every taxpayer may, in your personal page, consult a simulator that will tell you how much is it expected that you come to be returned in 2016, when the settlement of the 2015 IRS is made.

According to the budget execution June, released today, income from IRS and VAT are growing 4.2%, so, to keep these developments, the surcharge tax credit is 19%, ie the effective surcharge, payable by the taxpayer, would be 2.8% instead of 3.5% provided for by law.

By the reckoning of AT, and always on the assumption that the data would be confirmed, ie that the Revenue would keep the same pace until the end of the year, then in 2016, the state would return more than 100 million euros IRS to taxpayers.

The simulator now created will be updated monthly, always with data budget execution of each month. To access your specific cases, taxpayers must enter the Portal of Finance, which will have to consult and confirm your invoices, and choose the “See here the surcharge of the tax credit Evolution” option. Will have after you log in with your keywords and click on “surcharge of credit simulation”.

There is a first automatic simulation, in which all data is populated by AT on the basis of IRS statements 2015 for income 2014. The IRS also part of the principle that the tax regime will be the same, ie, in the case of married, joint taxation. And here it should be borne in mind that in 2015 (the IRS to hand over in 2016) the rule will be the separate taxation, which may involve some changes of values.

So, assuming there would be no change in income and that the tax system would remain the same, taxpayers here have an indication of what the actual value of surcharge and the tax credit to which they are entitled.

If this year a change in income relative to 2014, then it must be the taxpayer himself to choosing the option given to it in that sense, manually enter the values ​​that expects to receive. You must also include your personal and family situation – marital status and number of dependent. Here the simulation is already made with the rule of separate taxation regime, should be included only the income of each person and not the couple in the case of married or united in fact.

This manual simulation is available only to income in category A, dependent work, H, pensions and B, business and professional income.