Property owners in Portugal who have an IMI (Imposto Municipal sobre Imóveis / Municipal Property Tax) exceeding 500 euros annually have until the date indicated in the article to pay the second installment of this tax. This is one of the deadlines established in the IMI payment calendar for taxpayers in this situation.
The rules of the IMI Code establish different moments for the payment of the tax, depending on the total annual amount that each owner has to pay to the State. This differentiation allows taxpayers with higher tax values to split the payment into installments throughout the year.
Property owners with annual IMI equal to or below 500 euros have a different payment calendar, usually with a single installment or at different times from those that apply to taxpayers with higher amounts.
Failure to comply with the established deadlines may result in interest and other penalties, which is why it is important for taxpayers to check the amount of their IMI and the respective payment deadline applicable to their situation.
