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Right to compensatory interest in case of unduly paid taxes

SÉRVULO PUBLICATIONS 01 Feb 2019

On 1 February 2019, Law No. 9/2019 (the Law) was published in the Official Gazette.

The Law imposes on the tax authorities the legal obligation to pay compensatory interest to taxpayers in the case of unduly paid taxes if the collection of such taxes is based on rules declared unconstitutional or illegal in court.

The Law entered into force on 2 February 2019. However, it only applies to cases settled after 1 January 2011 in which taxes were unduly collected based on the grounds as explained in the above paragraph. 

Rita Botelho Moniz

rbm@servulo.com

 

© 2019 IBFD. Originally published as Right to compensatory interest in case of unduly paid taxes – gazetted (19 February 2019), News IBFD. Reproduced by permission.

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Tax
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Rita Botelho Moniz