Tax clarifies how to solve problems with IBAN

Taxpayers who have identified problems with their IBAN on the Finance Portal should check and update the bank account number provided by them.

An explanation of the Finance Portal first of all states that every taxpayer can declare the IBAN in two ways to the Tax Authorities (AT): in his taxpayer registration/NIF or in the annual tax return (IRS Model 3).

But since the registration of the IBAN is by no means compulsory, the AT warns about the various existing situations with “taxpayers registering the IBAN through the two ways mentioned [NIF e declaração anual do IRS]others only stated the IBAN in the Model 3 IRS statement and others only have an indication of the IBAN associated with their TIN”.

This diversity of situations has raised doubts “regarding the IBAN to be used by the AT” at a time when the payment of 125 euros of support for each non-retired adult and 50 euros per dependent is being processed, so the note is now published advises taxpayers to check on the Finance Portal, in the functionality ‘Extraordinary Support’, which IBAN is linked to the payment of support and, if that is not what they want, to update it via the ‘Change IBAN’ functionality to work.

To mitigate the effects of the price increases, the government has created a family aid package that includes exceptional support to holders of income (other than pensions), amounting to 125 euros, for people with gross annual incomes of up to 37,800 euros in the 2021 income tax return and residents of Portugal.

Families (regardless of their income) with dependents up to 24 years of age (or with no age limit in the case of dependents of people with disabilities) receive an additional support of 50 euros per child, this amount is granted to the persons identified are as the respective persons. guardians, parents in the IRS statement.

Retirees, for their part, received support equal to half of their pension amount this month.

The Treasury Secretary announced earlier this week that AT would begin paying support this Wednesday, at a rate of 500,000 processes per day, and estimates the process will be completed in 10 days. Social Security, for its part, will start on Monday to pay aid of €125 to those who have social benefits, such as unemployment benefits or social income.

This Friday, Fernando Medina said in parliament that the extraordinary support to cope with inflation has already reached 3.8 million Portuguese, totaling EUR 1,123 million.