The Portuguese Tax office returned 2.66 billion euros in income tax refunds by the end of August. This amount represents the total restitutions made by the Tax Authority to taxpayers during this period.
By that date, the Tax Authority had processed more than 6.5 million income tax returns. This number covers all declarations processed within the scope of the income tax campaign for the fiscal year in question.
Approximately 42% of the processed declarations resulted in a refund. This means that less than half of the taxpayers who submitted their return were entitled to receive money back, with the remaining either having to pay additional tax or having a neutral assessment.
The article does not specify which fiscal year these data refer to, nor does it provide additional information about comparisons with previous years or expectations for the rest of the year.
