Over the last year, the Tax and Customs Authority (AT) cancelled 1.8 million euros in tax benefits for companies based in Portugal, due to the fact that the companies in question had debts to the tax authorities, reports Público. According to the anti-fraud report for 2023, AT terminated tax benefits on 1,072 IRC declarations.

The end of tax benefits applies to companies that “presented debts at the end of the tax period in which the tax event occurred, which resulted in the reinstatement of rule taxation”, that is, the calculation of tax in accordance with the general principle, without applying the rules that allow the application of tax benefits.

According to the document, 107 IRC declarations were corrected regarding deductions from company income, worth 1.48 million euros; 33 IRC declarations regarding deductions from IRS collection, equivalent to corrections of 173.3 million euros; and 931 IRC declarations referring to benefits resulting from reductions in the IRC rate, with 191 million euros rectified.