Portugal's forgiveness schemes for interest and fines on debts are 'inherently unfair' says tax boss
Of the 90,000 businesssed who joined the Special Program for Reducing State Debt (PERES), 10,000 had debts considered to be uncollectible, as they had no assets or income that enabled the tax authority to recover debts.
This number was reported to parliament on Tuesday by the Secretary of State for Fiscal Affairs at a hearing on the impact to the State of tax forgiveness programmes and the extraordinary revaluation of assets by companies.