Flash Notícias NA 05/06/2025

Accounting and Tax Procedures for Company Dissolution in Portugal

The dissolution of a company in Portugal involves fulfilling various accounting and tax obligations to legally cease business activities. This article outlines the essential accounting and tax steps, deadlines, and legal requirements to ensure a compliant closure process.

Legal Framework
Dissolution may result from shareholders' decisions or legal/administrative causes. Once decided, the liquidation phase begins, which involves converting assets into cash and settling liabilities.

2. Accounting Procedures
• Closing accounts: Accounting records must reflect the cessation of activity.
• Final inventory: A liquidation inventory listing all assets and liabilities at the dissolution date must be prepared.
• Liquidation results: Profits or losses from the liquidation must be accounted for.
• Final financial statements: Including a liquidation balance sheet and income statement.

3. Tax Obligations
• Activity cessation declaration: Must be filed with the Portuguese Tax Authority within 30 days.
• VAT: Submission of the final VAT return.
• Corporate Income Tax (IRC):
Submission of the final Modelo 22 declaration.
Submission of IES/DA (Simplified Business Information).
• Stamp Duty: May apply in specific liquidation transactions.

4. Commercial Registry
The dissolution must be registered at the Commercial Registry with a request to cancel the company’s registration.a.

Conclusion
Company dissolution is a technical process requiring strict compliance with legal, accounting, and tax obligations. The assistance of a certified accountant is vital to ensure a smooth and risk-free process.

How NOMINAUREA Can Help
NOMINAUREA provides expert support to companies undergoing dissolution, ensuring compliance with all legal and tax requirements. Let us help you close your company efficiently and professionally.