Proceedings Related to Payments on Account Restrictions07 July, 2021
Dispatch no. 205/2021-XXII was published, which states that the application of the exemption of payments on account should be ensured in accordance with the settlement system in force.
The regime provided in Article 9-C, number 3 of Decree-Law No. 10-F/2020, of 26 March, in its current version, allows the application of the limitation of article 107 of the IRC Code, with the necessary adaptations, up to 100% of the first and second payments on account which are due related to the tax period starting on or after 1 January 2021, if the taxpayer is a cooperative or has obtained in the 2020 period a turnover up to the maximum limit of the classification as a medium-sized company.
However, if the taxpayer finds that the amount of the payments on account already made is equal to or greater than the tax which will be due in relation to the tax base of that tax period, it shall remain possible to not make the third payment on account and may also proceed, without any charge or burden, to the respective adjustment of the tax until the deadline for the third payment on account.