Instalment plans

How do I apply for the debt payment in instalments?

You must fully complete the application form for the debt payment in instalments (IMP.PN.01.01), available on the right-side column of this page, and send it to:

• The email: igfss-divida@seg-social.pt, or
• The fax number or address of the executive procedure section of the district where the company headquarters/residence of the person concerned is located.

The application for an instalment plan may also be submitted online and it will be immediately approved if the total amount of the debt in the tax execution procedure is lower than €100.000 and meets the following requirements:

• Natural Persons: the debt amount is lower than €5.000 per case and related cases 
• Legal persons: the debt amount is lower than €10.000 per case and related cases 

The executive procedures cannot have had broken agreements, or be suspended or reversed.

Natural persons

• 60 instalments;
• 150 instalments, provided that the following conditions are met cumulatively:
  • The amount of the outstanding debt is higher than €3.060;
  • The debtor provides a suitable guarantee or applies for the debt exemption and that exemption is granted.

Legal persons

• 36 instalments, when the amount of the outstanding debt is lower than €3.060;
• 60 instalments, when the amount of the outstanding debt is higher than €3.060;
• 150 instalments, provided that the following conditions are met cumulatively:
  • The amount of the outstanding debt is higher than €15.300 at the date of authorization;
  • The debtor provides a suitable guarantee or applies for the debt exemption and that exemption is granted;
  • The debtor proves that he/she is under significant financial difficulties and economic consequences are foreseeable.

The instalment amount consists of a fixed instalment, the outstanding principal amount divided by the number of approved instalments, and a variable instalment, the amount of late payment interest, updated monthly, divided by the number of approved instalments.

Calculation formula of the monthly instalment amount:

Instalment amount = (outstanding principal amount/number of approved instalments) + (amount of late payment interest, updated monthly/number of approved instalments)

The late payment interest rate is valid annually, beginning on 1 January of each year, and is calculated and advertised by the Treasury and Public Credit Management Institute. P.I. (IGCP - Instituto de Gestão da Tesouraria e do Crédito Público, I.P.), by means of a notice to be published in the Official Gazette of the Portuguese Republic until 31 December of the previous year.

To calculate the late payment interest rate, it is used the average of the monthly averages of the 12-month EURIBOR rates verified in the last 12 months, plus a differential of five percentage points.

The late payment interest rate is reduced by half for debts covered by real guarantees established or accepted by the creditor and for debts covered by a bank guarantee.

The debt payment in instalments application may be submitted from the date of receipt of the debt notification until the publication of the assets sale notice (within the scope of the attachment procedure).

If you provide a real guarantee or a bank guarantee, you will benefit from a 50 % reduction in the interest rate as of the date on which the guarantee is lodged.

Calculation formula of the guarantee value:

Guarantee value = (outstanding principal amount on the date on which the application for the debt payment in instalments is submitted + interest due on the date on which the application for the debt payment in instalments is submitted and calculated in the last 5 years + outstanding costs) + 25 % of these values total amount