23 Oct 2024
Informative Note - New classification of economic activities (CAE Rev. 4)
STATISTICS OF PORTUGAL – INE
Attention! New Economic Activities Codes (CAE(s)) for companies
From January 2025, the new version of the Portuguese Classification of Economic Activities (CAE Revision 4) will come into force, replacing the current version (CAE Revision 3). This change will bring about a reclassification of operators' main and secondary economic activities, in accordance with the new codes.
To facilitate this transition, the Statistics of Portugal (INE) made available the IRCAE - Survey for the Reclassification of Economic Activities, which allows you to consult the current codes and select the new codes that best describe the activity carried out. The survey must be completed by the end of November 2024, through the Portal of Statistics of Portugal or the WEBINQ Portal, with authentication via CPF/CNPJ and password from the Finance Portal.
Therefore, it is crucial to choose your new CAE code(s) carefully, as starting in 2025, the selected CAE Rev. 4 will be automatically updated in official records and in all interactions with entities such as Tax and Customs Authority (AT), the Institute of Registries and Notaries (IRN) and INE.
This reclassification aims to provide a more precise and detailed classification of economic activities, aligning with current market requirements, resulting from technological and economic evolution, which results from the entry into force of Commission Delegated Regulation (EU) 2023/137, of October 10, 2022. This entity, Delegated Regulation, approved an update to Regulation (EC) No. 1393/2006, of the European Parliament and the Council of December 20, better known as the statistical nomenclature of economic activities - NACE Revision 2.1, which provides for the conversion of CAE Rev. 3 codes to CAE Rev. 4.
In this context, companies are legally obliged to complete, by November 30, 2024, the Survey for Reclassification of Economic Activities (CAE Rev.3 – CAE Rev.4) – IRCAE, developed by the Statistics of Portugal (INE), as previously mentioned, which will be sent within the scope of the powers conferred on it by article 4 of Law nº 22/2008 of May 13 and article 4 , nr 5 of Decree-Law nº 136/2012, of July 2.
How to respond to the Survey for Reclassification of Economic Activities:
If you received an email sent by AT (Tax and Customs Authority):
• Respond at IRCAE.INE.PT - Fill out the IRCAE electronic form online, with AT authentication.
• After submitting your answer, you will be able to obtain a summary/proof in PDF.
• It is not possible to respond to the survey on paper.
If you did not receive an email from AT:
• You can find out about your CAE Rev.4 at INE at IRCAE.INE.PT, with AT authentication.
• You can obtain a summary of your CAE Rev. 4(s) from INE in PDF.
OTHER OPTIONS
This process of upgrading from CAE-Rev. 3 to CAE-Rev 4 is free of charge.
Summing up, these changes are guided by the need to establish standards applicable at the European Union level within the scope of the collection, transmission and publication of national and European Union statistics, ensuring the smooth functioning of the single market. This ensures reliable and comparable statistical data for companies, financial institutions, public administrations and other single market operators, allowing companies to assess their competitiveness and European Union institutions to prevent distortions of competition.
INE RESPONDS
In order to answer the main questions related to the Survey for the Reclassification of Economic Activities (CAE Rev.3 – CAE Rev.4) we have put together a compilation of questions/answers, whose content is exclusive of INE. To view these questions/answers, please access the link below!
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