Failures in tax returns freezes Corporate Taxes refunds

Joaquim Pedro Lampreia, Tax practice managing associate, is quoted by the daily newspaper Jornal de Negócios under the new rules imposed by the Ministry of Finance related to companies that fail in some declarative obligation, whether Personal Income Tax, Corporate Tax or VAT.

"There are dozens and dozens of statements. One small thing that fails can suspend the refund? It seems too aggressive" says managing associate regarding the Corporate Tax refunds' suspension.