Decree No. 409/18 was published in the Official Gazette on 7 May 2018 (the Decree), amending the Tax on Debits and Credits (the TDC) regulations.

The amendments introduced by the Decree establish that taxpayers subject to the general TDC rate can credit up to 33% of the amounts paid for TDC (as a consequence of amounts credited and debited on bank accounts) as a payment on account of Income Tax, Minimum Deemed Income Tax or the Special Contribution on the Cooperatives Net Worth (Taxes), as it may correspond.

The Decree will enter into force on 8 May 2018, and will be applicable to advanced payments and the cancellation of Taxes corresponding to fiscal years started after 1 January 2018.