Portuguese entrepreneurs, especially those subject to corporate income tax (IRC) or personal income tax (IRS) with organized accounting, are now required to have at least one bank account exclusively dedicated to financial transactions related to their business activities.

This requirement aims to increase transparency and rigor in the financial management of companies, ensuring better traceability of transactions and facilitating oversight by tax authorities. Additionally, it simplifies compliance with fiscal and accounting obligations, promoting more efficient financial management.

Entrepreneurs must adhere to this rule, as non-compliance may result in administrative and fiscal penalties. The measure is seen as a positive step to combat tax evasion and ensure companies’ compliance with legal norms.

This requirement also offers benefits to companies themselves, improving internal control and simplifying financial record organization. Entrepreneurs are encouraged to consult their accountants or financial advisors to ensure proper implementation of this measure in daily operations.