Will you turn in the IRS after the deadline? Tax authorities can only impose a fine after July 26

The IRS filing deadline expired yesterday, June 30, but don’t worry: If you haven’t yet submitted it, you can do so until July 26, without any fine, submit “Negócios,” which quotes the OCC.

According to the same publication, this OCC hypothesis is based on the fact that the Tax and Customs Administration (AT) did not fill out the forms until March 29, and therefore failed to comply with the statutory deadline you are bound by to do so. This means that taxpayers now have more time to accomplish without being penalized.

This is an article of the General Tax Code (LGT) which states that “tax administration bodies and taxpayers are subject to the duty of mutual cooperation”.

In other words, AT must make available on the portal the fill-in forms for IRS, IRC, and IES submissions, at least 120 days before the deadline to fulfill the reporting obligation. And taxpayers, in turn, are up to the deadline for filing returns, and risk fines if they don’t.

However, the tax authorities did not fulfill their role, because “this year, the forms were provided only in accordance with the conditions established by law on March 29 at night, and the 120-day notice period was not fulfilled,” explains Paola. Franco, President of the OCC, citing ‘Negócios’.

Faced with this situation, the official adds, “The ACC realizes that those who do not achieve by the end of the day [quarta-feira, 30 de junho], will continue to do so without penalties until July 26,” he notes in the same newspaper.

In addition, the LGT also states that if AT does not comply with the minimum period in advance, “the deadline for compliance with the respective reporting obligation is extended by the same number of days as the delay,” that is, until then, no penalties can be imposed on the taxpayer.

Remember that in normal cases, everyone who submits a tax return within 30 days after the deadline, on his own initiative and without prejudice to the state in the initial calculations, must pay a fine of 25 euros.

If you file the IRS after the deadline and more than 30 days before the deadline, you will have to pay a fine of at least €37.50, which goes up to €112.5 if you have already launched a check at AT, before their status is settled.

It is also expected that if the declaration or other financially relevant documents reveal omissions or inaccuracies regarding tax status, which do not constitute financial fraud or an administrative offence, fines ranging from 375 to 22,500 euros may be imposed. See all the consequences of late delivery, Here.