Issuance of IMI banknotes completed today

The Tax and Customs Administration (AT) said it has “already issued almost all of the collection receipts” for IMI, the first or only installment of which is due this month, and issuance of said receipts is expected to be completed this Friday.

“Notifications to taxpayers are ongoing and the issuance process should be completed today,” Lusa told an official AT source, referring to the fact that “almost all collection orders” have already been issued.

This AT response follows the cases of several people who have not yet received their Municipal Property Tax Collection (IMI) notice and who found the delay odd as the payment deadline began on May 1st.

Lusa asked the tax and customs authority about the reason for such a delay, but received no answer to this question.

In the cases reported by Lusa, taxpayers say they contacted AT’s helpline to find out why they still haven’t received a collection notice, as they were told it was due to a computer problem.

According to the law, the IMI is “settled annually in respect of each municipality by the central offices of the General Directorate of Revenue on the basis of the taxable patrimonial value of the buildings and in relation to the taxpayers appearing in the matrices as of December 31 of the year to which it relates”, with the calculation “carried out between through April next year.

In the same response, Lusa AT also mentions that taxpayers “wishing to make a payment before receiving the payroll can obtain a link to the payment via the Financial Portal through authentication” by going to “My Area” > “Integrated Position” > IMI. > Payment documents > Select payroll or issue a 2nd copy of payroll.”

IMI is paid in May, this is the only payment if the amount is less than 100 euros. After exceeding this amount, the tax is divided into two or three stages (depending on whether the total amount is less or more, respectively, 500 euros), which must be paid in May and November or in May, August and November.

IMI is levied on the taxable property value (VPT) of a property, assuming a flat rate of 0.8% for village structures (land) and a rate that ranges from 0.3% to 0.45% for urban structures (buildings and land for construction) .

The tax is calculated and collected by the Internal Revenue Service (AT), but the municipalities decide each year what rate they intend to apply in their municipality within the aforementioned intervals.

Although it is expected that the payment of the tax will be divided into two or three stages depending on its amount, the owners can pay it in full in May.