We hereby inform you that, from 1st January 2024 onwards, came into force a legislative alteration that changes the procedure of the tax obligations payments for legal entities. This alteration was introduced by Article no. 266 of the State Budget Law for 2024 (Law no. 82/2023, of 29th December) and alters Article 40 of the General Tax Law (LGT).
The new wording of paragraph 2 of Article 40 of the LGT establishes that the payment, by legal entities, of tax installments and any other credits charged by the Tax Department (AT), are exclusively made by electronic means of payment, regardless of whether other specific means of payment are provided for in the special legislation relating to each tax.
It is important that legal entities are fully informed and act in accordance with this new legal requirement.
As such, we recommend that our clients to make all payments relating to tax obligations electronically, as established in the current legislation.
We are at your disposal for any additional clarification.
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