IRS: Consignment to youth associations, of a youth or student character

IRS: Consignment to youth associations, of a youth or student character

Ordinance no. 798/2022, of November 17, 2022, regulates the assignment of a quota equivalent to 0.5% of personal income tax (PIT), assessed on the basis of annual returns, to be made by taxpayers to a youth association, an association of a youth or student nature, under the provisions of paragraph 5 of article 14 of Law no. 23/2006, of June 23, as amended.

This ordinance comes into force on January 1, 2023, and is applicable to income tax returns for 2023 and subsequent years.

Elsa Rodrigues

Elsa Rodrigues

Founding Partner/Lawyer

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