The 2014 State Budget changed the maximum limit up to which taxpayers with business and professional income are covered by the simplified scheme.

Through the Ruling number 20172 and regarding the tax framework applicable from 2014, the Portuguese Tax Authority define the application of the limit of 200 000.00 EUR foreseen in paragraph 2 of Article 28 of the IRS Code.

The full content of the Ruling is available at the following link: Ruling 20172/2014