State of Emergency – Measures to Support Economic Activity


This measure applies to workers who work on behalf of others and self-employed workers. They are entitled to sickness benefit, amounting to 100% of their remuneration. The benefit has a maximum duration of 14 days.


It applies to Workers who work for third parties and who are absent from work due to assistance to children or other dependent children, under 12 years old, or with chronic disability / illness regardless of age, resulting from the closure of the educational establishment determined by:

Health authority decision

Government decision

The worker is entitled to exceptional support corresponding to 2/3 of his basic remuneration, that is, he does not include other components of the remuneration.

This support has a minimum limit of 1 Guaranteed Minimum Monthly Remuneration (value: 635 €) and a maximum limit of 3 times Guaranteed Minimum Monthly Remuneration(value: 1,905 €) and is calculated according to the number of days absent from work.

Support does not include the school holiday period, being granted between 16 and 27 March. In the case of children who use social facilities to support early childhood or disabilities, support is granted until 9 April. There can be no overlap between periods between parents.


It applies to self-employed and domestic workers who are unable to perform their activities for reasons of assistance to children or other dependent minors, under 12 years of age, or with chronic disability / disease, regardless of age, resulting from the closure of the educational establishment determined by :

Health authority decision

Government decision

Only the self-employed person who has had a contributory obligation in at least 3 consecutive months is entitled to support.

The self-employed person is entitled to financial support corresponding to 1/3 of the monthly contributory tax base of the first quarter of 2020, with the following limits:

Minimum limit = 1 Social Support Index (IAS) (value: € 438.81)

Maximum limit = 2 and ½ Social Support Index (IAS) (value: 1,097.02 €)

The domestic service worker is entitled to financial support corresponding to 2/3 of the contributory tax base.

Support does not include the period of school holidays, being granted between 16 and 27 March. In the case of children using social facilities to support early childhood or disabilities, support is granted until 9 April.

There can be no overlap between periods between parents.


This measure applies to Independent Workers, who in the last 12 months have had a contributory obligation for at least three consecutive months and who are in a proven situation to interrupt their activity or the activity of the respective sector as a result of the outbreak of COVID.

You are entitled to a financial support corresponding to the amount of the remuneration recorded based on the contributory incidence, with the limit of 1 Social Support Index (IAS) (€ 438.81).

You also have the right to defer payment of contributions for the months you receive support. Financial support lasts 1 month, extendable up to 6 months.

Deferred payment of contributions starts in the second month after the end of support and can be paid in parcels (up to 12).


This measure applies to workers absent from work due to the prophylactic monitoring of children or other, under 12 years old or with a chronic disability / illness, regardless of age, certified by the health officer.

You are entitled to a child / grandchild care allowance, amounting to 65% of the remuneration. With the entry into force of the State Budget for 2020, this value becomes 100% of the remuneration.

The allowance has a maximum duration of 14 days. See more information on procedures in the full document:



It is a financial support per worker, attributed to the company, destined exclusively to the payment of wages.

A company in a situation of commercial crisis, considered as such, is entitled in the following cases:

-Full stop of the company’s activity, or establishment that results from the intermittency or interruption of global supply chains or the suspension or cancellation of orders;

-The abrupt and sharp drop of at least 40% of the billing, in the 60 days prior to the request with the Social Security with reference to the same period or, for those who started the activity less than 12 months ago, the average of that period.

And that the company’s contributory situation is regularized with Social Security and the Tax and Customs Authority.



Employers within the scope of the measures provided for in this Ordinance are also entitled to an exemption from the payment of Social Security contributions by the employer, in relation to their workers and members of the statutory bodies, during the same period, which is not officially recognized.

Employers send autonomous remuneration declarations to the covered workers and pay the respective contributions, in the part that concerns only the worker, that is, 11%.


The right to exemption also applies to self-employed workers, however, the obligation to submit the quarterly statement remains.

See more information on procedures in the full document:


Extension of the deadline for compliance and payment of tax obligations related to IRC (Corporate Income Tax)

-The postponement of the Special Payment on Account from March 31 to June 30;

-The extension of the delivery of the Model 22 (IRC (Corporate Income Tax) Declaration + Payment / settlement) to July 31; and

-The extension of the first payment on account and the first additional payment on account from July 31 to August 31.

Flexible tax payments for companies and self-employed workers

1. Immediate payment, in the usual terms;

2. fractional payment in three monthly parcels without interest; or

3. fraccional payment in six monthly parcels, with interest on late payments being applied only to the last three.

This measure covers the payments of VAT (in the monthly and quarterly regimes) and the delivery of withholding taxes to the State of IRS (Income Tax on Individuals) and IRC (Corporate Income Tax) and is applicable to self-employed workers and companies.

See more information on the companies and workers tabs at:



Linha de Crédito Capitalizar -“Covid -19 -Plafond de Tesouraria”

Objective: To induce the offer of credit in the form of a credit ceiling in a revolving system, giving greater flexibility to treasury management.

Eligible Operations: Operations designed exclusively to finance treasury needs.

Maximum Financing per Company: € 1.5 million.

Maximum Term of Operation: Up to 3 years.

Fixed Rate Interest Rate: Swap Euribor for the term of the operation + spread.

Interest Rate Variable Mode: Euribor at 1, 3, 6 or 12 months + spread.

Spread: 1.943% -3.278%.

Interest Rate Bonus: 0%

Linha de Apoio à Tesouraria para Microempresas do Turismo -Covid-19

Objective: To support the financing of tourist micro-enterprises that show a reduced capacity to react to the strong retraction of demand that has been registered.

Eligible Operations: Financing of Treasury needs.

Maximum Financing per Company: € 750 per month, for each job in the company on February 29, 2020, multiplied by three months up to € 20,000.

Capital Reimbursement: Equal quarterly installments.

Maximum Term of Operation: Up to 3 years.

Maximum Capital Grace Period: Up to 12 months

Interest Rate Bonus: 0%.

Adhering banks to contact

Abanca Corporacion Bancaria, S.A. -Sucursal em Portugal

Banco Bilbao Vizcaya Argentina, S.A. -Sucursal em Portugal

Banco BPI, S.A.

Banco Comercial Português, S.A.

Banco Português de Gestão, S.A.

Banco Santander Totta, S.A.

Caixa Central de Crédito Agrícola Mútuo, CRL

Caixa de Crédito de Agrícola Mútuo de Leiria, CRL

Caixa Económica Montepio Geral

Caixa Geral de Depósitos, S.A.

Novo Banco, S.A.

Banco BIC Português, S.A.

Novo Banco dos Açores, S.A.

Bankinter, S.A. -Sucursal em Portugal

Caixa de Crédito Agrícola Mútuo da Chamusca, CRL

Caixa de Crédito Agrícola Mútuo de Mafra,CRL

State of Emergency – Technical opinion

On March 18, 2020, a state of emergency was decreed in Portugal, through the Decree of the President of the Republic no. 14-A / 2020, of March 18.The exceptional situation and the proliferation of registered cases of contagion of COVID-19 requires the application of extraordinary and urgent measures to restrict rights and freedoms, especially with regard to movement rights and economic freedoms.

This series of articles (State of Emergency) brings together the economic measures already published over the past few days, more precisely until the 19th of March. Further measures are expected under the state of emergency decree. We begin by mentioning the activities that are required to close and that are automatically candidates for available support. On the other hand, the list of activities that are required to operate according to some rules to avoid contagion. Finally, the remaining companies that are not obliged to close but whose service to the public, will have to be at the door of the establishment or through a pharmacy-type wicket or gas station after hours.

More information on work activities

About the diversification of support, we begin by presenting those of a social nature from the perspective of the employee and the self-employed. These supports are characterized by support for the family resulting from the closure of schools, support by prophylactic isolation and support by reducing or stopping the self-employed person’s activity.

For companies, the support is related to: the maintenance of jobs, called simplified lay-off, the flexible payment of taxes through deferral and the possibility of being paid in installments and the ease of financing at reduced rates and with a 12-month grace period.

See here information about government support

In our opinion, for those who believe that the crisis will not be long and want to keep the work team at the time of the resumption, they should adhere to the simplified lay-off and contract funding to reinforce treasury if necessary. Immediately, financing is the fastest way to obtain liquidity since receiving the support from the lay-off may take a few weeks or even a few months.

See detailed information of the Order of Accountants:

State of emergency – Information on work activities


1. Recreational, leisure and fun activities:

-Concert restaurants and cafes;
-Fado houses;
-Discotheques and dance halls;
-Bars; -Party rooms;
-Art galleries and exhibitions;
-Amusement parks, markets and similars;
-Water parks;
-Recreational parks for children;
-Any places for leisure sports;
-Other locations or facilities similar to the previous ones.

2. Cultural and artistic activities:

-Movie theaters;
-Museums and National Monuments;
– Bullfighting squares, places and installations;
-Congress pavilions;
-Concert halls;
-Conference rooms;
-Exhibition rooms;
-Multipurpose rooms and multipurpose pavilions;

3. Sports activities:

-Football, rugby and similar fields;
-Pavilions or closed rooms;
-Football pavilions, basketball, handball, volleyball, roller hockey and the like;
-Shot ranges;
-Courts of tennis, padel and similar;
-Skating rinks, ice hockey and the like;
-Boxing rings, martial arts and similar;
-Permanent circuits for motorcycles, automobiles and similar;
-Hippodromes and similar tracks;
-Sports pavilions;
-Running tracks;

4. Open spaces and public roads:

-Cycling, motorcycling, motoring and similar tracks;
-Nautical tests and exhibitions;
-Aeronautical tests and exhibitions;
-Parades and popular festivals or folkloric or other folkloric manifestations of any nature.

5. Gambling and betting activities:

-Establishments of games of chance, such as bingo or similar;
-Gaming rooms;
-Recreational lounges;
-Any specific or comparable betting locations.

6. Hospitality and catering activities, except for the provision of take-away meals or home deliveries:

-Taverns and cellars;
-Coffee shops, bars and similars;
-Chocolatiers, ice cream parlors, tea houses and similars;
-Restaurants, self-service restaurants and similars;
-Hotel bars and restaurants;


1. Commercial establishments:

– Retail trade of parts and accessories for motor vehicles and motorcycles;
– Retail trade in supermarkets and hypermarkets;
– Retail trade in other non-specialized establishments, with a predominance of food products, beverages or tobacco;
– Retail trade of fruit and vegetables, in specialized stores;
– Retail trade of meat and meat products, in specialized stores;
– Retail trade of fish, crustaceans and mollusks, in specialized stores;
– Retail trade of bread, pastry and confectionery, in specialized stores;
– Retail sale of beverages in specialized stores;
– Retail trade of tobacco, in specialized stores;
– Retail trade of milk and dairy products, in specialized stores;
-Retail trade of food products, natural and dietetic, in specialized stores; -Other retail trade of food products in specialized stores;
– Retail sale of fuel for motor vehicles, in specialized stores;
– Retail sale of computers, peripheral units and software in specialized stores;
-Repair of computers and peripheral equipment, communication equipment, household appliances and other similar consumer goods;
-Washing and dry cleaning of textiles and skins;
-Medical services or other health and social support services;
-Essential public services;
-Bank, financial and insurance services;
-Funeral and related activities.

Note: In retail or service establishments that maintain their activity, the following rules must be observed:

a) In establishments in physical space, measures must be taken to ensure a minimum distance of two meters between people, a stay for the time strictly necessary for the purchase of products and a ban on the consumption of products inside, without prejudice to respect for the access and allocation rules provided for in Ordinance No. 71/2020, of 15 March;

b) The provision of the service and the transport of products must be carried out with respect for the necessary hygiene and sanitary rules defined by the health authorities;


In the remaining commercial establishments, it is forbidden for customers to stay inside, and the products must be made available to the public at the door or wicket, avoiding crowds of people, and, in particular, safety distances of at least two meters must be controlled in order to avoid possible contagions.