Autoridade Tributária Returns €2.36 Billion of IRS 2024 Reembolsos Through End-May — 3.21 Million Declarações Processed at the Midpoint of the 1 April–30 June Filing Window With Average Refund at €694

The Autoridade Tributária e Aduaneira’s Portal das Finanças posted the end­-of-May reading on the 2024 IRS reembolso cycle on Saturday 30 May, registering €2.36 billion returned to 2.16 million households through Friday’s close. The tape sits at the operational midpoint of the 1 April–30 June filing window opened by the annual Portaria, with 3.4 million declarações Modelo 3 received against AT’s 4.7 million projected universe and the average refund landing at €694. The data are the cleanest read so far on the post-NHR cycle’s revenue effect and on the IRS Jovem regime’s second full year of application.

3.21 Million Processed, 190,000 Pending

Of the 3.4 million declarações received through 30 May, AT has processed 3.21 million (94.4%) and 190,000 sit in the pending queue — predominantly co-titularidade households (one or both spouses filing separately), declarações with manual corrections triggered, and the small share routed for IRS Jovem regime validation against the AT’s Cartão de Cidadão age-and-status cross-check. The 2.16 million households that have received reembolsos sit on an average refund of €694, marginally below the €706 average at the same point of the 2023 cycle and consistent with the IRC­-and­-IRS rate-cut chain unwinding the retention­-side buffer. Reembolso processing speed for the auto­-validated online lane — the IRS Automático track introduced for simple declarations under Decreto-Lei n.º 442-A/88 article 76°-D — is averaging 14 days from submission, with the manual­-correction lane stretching to 28–42 days.

IRS Jovem and the Sub-35 Bracket

The IRS Jovem regime under the 2024 OE reform — the first full year with the broadened scale — benefitted 412,000 declarações through 30 May. The cohort breakdown places 178,000 in the first­-year track (100% IRS deduction in the salary scale up to €55,000), 134,000 in the second-fourth year band (75% deduction) and the remaining 100,000 in the fifth­-tenth year track (50% deduction). The regime­-attributable revenue cost to AT through 30 May is €187 million, slightly above the €164 million CFP­-projected pace for end-May but consistent with the OE 2026 envelope.

What's Holding the 190,000 Pending Queue

The pending­-queue composition is the operative concern for households still waiting. AT’s informação-vinculativa cycle this spring has registered a step­-up in queries on the deduction for charges with dependentes (the €600 fixed component plus €126 for the second-and-further dependent under five), on the educação e formação ceiling, and on the IRS Jovem cross-eligibility for those who hit the 35 birthday during the reference year. The Portal das Finanças message-centre tape is also picking up cases where the e-fatura validated dispenser counts do not match the household’s perceived deduction — predominantly health-and-medication charges that require the NIF-on-the-invoice cross-validation through 25 February of the reference year.

What to Watch From Here

• The 30 June filing deadline is the binding ceiling for households still owing declarações — missing the window carries an automatic €200–€2,500 coima under the Regime Geral das Infracções Tributárias.
• July–August cobrança cycle: AT’s liquidações de IRS adicional — the bills owed to AT by households where the retention sat below the final tax due — ship on 31 July with a 31 August payment deadline.
• D7 and D8 non-residents: the 12.5% IRS Jovem-style flat-rate frame under the recently broadened regime for high-skilled foreign cohorts requires the NHR­-replacement IFICI submission alongside the Modelo 3.
• The IRS reembolso projection: Conselho das Finanças Públicas projects the full-year reembolso envelope at €4.9 billion, marginally below the €5.1 billion 2023 cycle, on the IRC rate-cut and brackets-adjustment frame.
• The brazileiros-americans-britânicos cohort — the three largest non-EU resident populations — should cross-check the dupla tributação regime against the home-jurisdiction filing calendar before submitting.