IRC Form 22: who must submit it and by what deadlines

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One of the essential declarations for any company or accounting firm is the IRC Form 22 , given its mandatory nature and role in calculating taxes. This article contains all the essential information about it.

What is the IRC Model 22 declaration?
The IRC Model 22 declaration (colloquially, Model 22) is intended to declare income subject to corporate income tax (IRC) to the Tax Authority (AT).

As one of the various tax obligations of companies , this is submitted annually and relates to the previous tax period. It is through Form 22 that the taxable profit and the respective tax to be paid are determined or, on the other hand, the tax loss and, if applicable, the tax to be refunded.

These values ​​are obtained from the net accounting result for the hong kong whatsapp number database period as determined in the accounting documents, after filling in the values ​​to be added and deducted from the collection in the respective fields for this purpose.

Which entities are required to submit Form 22?
As mentioned, the Model 22 declaration is intended for income subject to IRC, so this obligation necessarily falls on companies. More specifically, Model 22 must be submitted by the following taxpayers:

Resident entities regardless of whether or not they primarily carry out commercial, industrial or agricultural activities;

Non-resident entities with a permanent establishment in national territory;

Entities without headquarters or effective management in Portuguese territory that obtain income there that is not attributable to a permanent establishment located there, provided that, in relation to such income, there is no definitive withholding tax at source.
Which entities are exempt from submitting Form 22?
The following entities are exempt from submitting the Model 22 declaration, as stipulated by numbers 6 and 8 of article 117 of the IRC Code (CIRC):

those exempt under article 9 of the CIRC (State, Autonomous Regions, local authorities, their public law associations and federations and social security institutions), except when subject to any autonomous taxation or when they obtain income from capital that has not been subject to definitive withholding tax at source;

those that only earn income not subject to IRC, except when they are subject to any autonomous taxation;

non-residents without a permanent establishment in Portuguese territory and who only earn income exempt from or subject to definitive withholding at source.
How is IRC Form 22 submitted?
Like practically all declarations and similar documents to be submitted to the AT, IRC Model 22 must also be submitted electronically , via the Tax Portal.

To this end, there is a place on the platform that is updated and made available at the beginning of each year, where the taxpayer (more specifically, their accountant ) fills it in directly or via file, and then submits it.

According to the AT's own instructions, for the declaration to be correctly received, the steps to be taken must be :

On the “Services” page, find the “IRC” section and the “IRC Model 22” section, clicking on “Submit declaration”;

Fill out the declaration directly on the website, or send a previously formatted and saved file;

Click on “validate” and correct the errors detected by the platform;

Submit the declaration;

Wait and consult, from the following day, the final status attributed to the declaration.
The declaration is considered to be submitted at this time, and the taxpayer must be alert in case central validation errors are found.

What to do if there are core errors?
If, from the day following its submission, the final status of the declaration indicates the existence of central validation errors, the errors indicated must be corrected on the platform.

A new declaration should not be submitted, only the previous one should be corrected , otherwise the first one will not be considered. If the central errors are ignored and not corrected, the declaration will be considered as not submitted, with the legal consequences that this entails.

What are the deadlines for submitting IRC Form 22?
Model 22 is an annual delivery declaration, with reference to income obtained in the previous tax period.

This declaration must be submitted by 31 May of each year by companies whose tax period coincides with the calendar year. Taxpayers whose tax period does not coincide with the calendar year must submit it by the last day of the fifth month following the end of that period.