Monthly Statement of Remunerations
The Portuguese Tax Authority issued a Tax Circular in order to clarify the following questions regarding the Statement of Remunerations:
Who should deliver the Monthly Statement of Remunerations?
When and how should be submitted?
Which incomes should be declared?
The obligation to submit the Monthly Statement of Remunerations (MSR) results from a change to the IRS Code and the approval of the Portuguese State Budget for 2013.
The entities responsible for the payment of employment remunerations should issue and send the MSR until the 10th day after the payment through the Tax Authority or Social Security websites.
In the MSR the employer should report the amounts paid or made available to the employees and the respective withholding tax, contributions to the social protection schemes and legal health subsystems, as well as trade union contributions.
For the purposes of consulting the answers to the above questions and some other technical aspects of the Statement, we make available the referred Tax Circular in attach.