Latest news from Portugal

Portugal cuts e-book and cultural service VAT rates

Portugal have recently reclassified the VAT rate on the below services to the reduced VAT rate (6% in mainland Portugal, 5% in Madeira and 4% in Azores): Digital e-books and online publications – This follows the EU Councils proposal to allow EU member states to cut rates on electronic publications to match their printed equivalents,… Read More

Portugal live VAT invoice reporting 2019

From 1 January 2019, Portugal will introduce a new mandatory real-time invoice reporting regime that will apply to all VAT registered companies who sell to government bodies. This new regime will require businesses making these types of supplies, to send the invoices to the tax authorities for checking at the same time as they are… Read More

REMINDER: Portugal – Import VAT reverse charge effective 1 March 2018

From 1 March 2018, Portugal has extended its current reverse charge mechanism on imports to include all goods imported into the country. Previously this was restricted to certain goods mentioned in the Portuguese VAT legislation. This will allow any VAT registered businesses to apply to the Portuguese tax authorities for authorisation to use this reverse… Read More