5 Major Developments in Portugal
- 0% VAT for essentials
- ViDA – Portuguese Parliament: Opinion on the application of the Principles of Subsidiarity and Proportionality
- More European countries implement ”Pre-Filled” VAT returns
- Portugal introduces a special refund regime for conference organizers
- Jan 1, 2024: Electronic and PDF invoices must include a digital signature
Coronavirus
Deduction (Input Tax Credit)
ECJ (European Court of Justice)
Exemption
- ECJ C-42/22 (Global Companhia de Seguros) – Judgment – The concept of ‘insurance and reinsurance transactions’ does not includes related or supplementary activities as purchase and sale of parts from written-off vehicles
- Infringement Procedure against Ireland and Portugal Closed (Temporary COVID-19 VAT Exemptions)
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Increase in the turnover threshold for VAT exemption under the simplified regime
Environmental Tax
E-Invoicing
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Jan 1, 2024: Electronic and PDF invoices must include a digital signature
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Obligation for unique document code (ATCUD) live from January 1st 2023
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Electronic invoices must bear electronic signature in Portugal
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Portugal non-residents certified digital invoice; QR code; SAF-T billing
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Portugal makes ATCUD and QR codes obligatory invoice elements
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Portugal Authenticity and Integrity E-invoicing Requirements
Fiscalization
Flat Rate Schemes
Intrastat
Invoice
- Jan 1, 2024: Electronic and PDF invoices must include a digital signature
- Obligation for unique document code (ATCUD) live from January 1st 2023
- Portugal non-residents certified digital invoice; QR code; SAF-T billing
Legislative Change
Liability (Reverse Charge/Withholding)
Rate
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Portugal reduces VAT rates on certain goods and services in 2023
- Portugal Clarifies 2023 VAT Changes
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Portugal is the first in Europe to reduce VAT rates on bicycles
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Portugal slammed for “national inaction” over IVA on basic foods
Refund
Registration
Reporting / Compliance
- Jan 1, 2024: Electronic and PDF invoices must include a digital signature
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Updates regarding certain tax compliance and reporting obligations
- Portugal Clarifies 2023 VAT Changes
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Portugal introduces VAT changes and postpones the SAF-T Accounting Files
- A guide to VAT – Doing business in Portugal
- Portugal Introduces Important Changes to Invoice Reporting Obligations and E-invoicing Beginning in 2023
SAF-T (Standard Audit File for Tax)
- Jan 1, 2024: Electronic and PDF invoices must include a digital signature
- Portugal introduces VAT changes and postpones the SAF-T Accounting Files
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Sovos webinar recorded version – Portugal SAF-T requirements for non-resident taxpayers
- Electronic Tax Requirements
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Be prepared for Portugal’s Billing SAF-T changes from January 2023
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Portugal Makes it Mandatory to Declare the SAF-T Accounting File
- Portugal non-residents certified digital invoice; QR code; SAF-T billing
- Order 8/2022 – XXIII – Changes as of 2023
Taxable Transaction
ViDA