DECREE-LAW No. 24/2021 OF MARCH 26


Decree-Law no. 24/2021 of 26 March was published, which establishes an exceptional and temporary regime in terms of tax obligations and debts and contributions to Social Security.


The main characteristics of this regime are identified below:

A. Deferral of tax obligations for the first half of 2021

v  v Entities whose main activity falls under the CAE for accommodation, restaurants and the like, or culture; or have started or restarted the activity on or after January 1, 2020, they become eligible for the purpose of deferring the fulfillment of the obligation to deliver the IRS and IRC withholdings and delivery of the assessed VAT.


B. Special IRC tax deferral regime

v  v Payment of the annual IRC for 2020, in the case of entities that have obtained a VN in that period up to the maximum limit of classification as micro, small and medium-sized companies, under the legal terms, can be fulfilled:


a)      Until the last day of the period for submitting the periodic income statement (as a general rule, 30 May) or

b)      b) In installments, with a value equal to or greater than € 25 and without interest, broken down as follows:

                                                          I.            First installment of at least 25% of the amount resulting from the difference that exists between the total tax calculated in the periodic income statement and the sums delivered on account, falling due on the deadline referred to in point a) above;

                                                        II.            The remaining amount must be paid in three monthly installments of the same amount;

                                                      III.             Adherence to payment in installments must be exercised by the deadline referred to in point a) above.


v  This regime also applies to the first and second payments on account for the tax period beginning on or after 1 January 2021 with the necessary adaptations.


C. Exceptional system of payment in installments for tax debts and contributions to Social Security in tax foreclosure


v  Tax debts apply to tax facts that occurred between January 1 and March 31, 2021 and to debts of monthly contributions due to Social Security due in the same period;


v  Extension of this regime upon request to the debtor who is complying with the installment plan authorized by the Tax and Customs Authority or Social Security under the terms of the recovery plan approved under the insolvency process, special revitalization process, special process for payment agreement or agreement subject to the extrajudicial regime for the recovery of companies, and has created or will create tax debts or contributions to Social Security.



Need a clarification? AIP has a team of specialized technicians who can help your company!


For additional details please contact us: