There are 4,510 entities contesting the Portuguese tax authority. You can choose until the end of the month – the IRS

This year, there are 4,561 entities registered to receive a portion of 0.5% of IRS collection from taxpayers as a consignment or to receive VAT corresponding to tax benefits resulting from invoice requests with a TIN in expenditures with restaurants, accommodation, workshops, hairdressers or veterinarians.

The official list has already been published on the funding portal and has increased again from the 4,399 names registered last year. There you can find the majority of firefighter’s associations, along with misery, parish centers, cooperatives, people’s homes, kindergartens, homes, retirement associations, disease victim support associations, cultural associations and more.

The list of advanced entities for this task can now be consulted On the financial portal, with the name and taxpayer number (NIF) for each entity. By entering the usual password, the taxpayer can, until the end of March, make their selection for the 2021 IRS, to be delivered as of April. The option you select now will appear later, pre-filled in Form 3. However, if you choose to do nothing now, you can then manually enter the chosen entity and the respective NIF in the IRS declaration, at the time of delivery.

The IRS shipment does not impose any additional tax burden on the taxpayer, since it is a simple reallocation of funds that, rather than entering state coffers, go into the account of the Social Solidarity Foundation, humanitarian assistance, or for religious purposes that the taxpayer chooses.

With respect to the VAT corresponding to invoices for restaurants, accommodation, workshops, hairdressers or veterinarians, its shipment to one of the applicant entities will be reflected in the total deductions that the taxpayer can make to his tax authority, since he will have to waive the amount in question .

It is worth noting that last year, with reference to the IRS for 2020, 845,591 taxpayers submitted their taxes, of which 4,010 entities benefited. In the tax authority, the total amount sent amounted to 210,36527.86 euros, according to official data from the finance. The tax benefit of the deductible VAT amounted to 1,278,202.55 euros.