5 Major Developments in Portugal

5 Major Developments in Portugal

• Registration threshold for established companies will progressively increase from 2023 to 2025

• Portugal: Mandatory B2G e-invoicing for SME´s postponed again

• Extension to submission and payment deadline for periodic VAT return for the period June and Quarter 2 2023.

• Tax authorities clarify doubts about zero VAT

• New preliminary questions to the ECJ in a VAT case: Sancra vs. Portugal – C-377/23

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Deduction (Input Tax Credit)

• Deductions for conference organisers

• Flashback on ECJ cases C-536/03 (António Jorge) – Goods and services used for both taxable and exempt transactions – Pro rata deduction

E-invoicing

• Fonoa Webinar – Tax Essentials: Portugal Digital Reporting Fundamentals (June 7)

• Portugal: Mandatory B2G e-invoicing for SME´s postponed again

• How to legally send PDF invoices in Portugal

ECJ (European Court of Justice)

• New preliminary questions to the ECJ in a VAT case: Sancra vs. Portugal – C-377/23

• Comments on ECJ C-47/22: Clarification on the Portuguese VAT Regime for Insurance Companies

• Flashback on ECJ cases C-536/03 (António Jorge) – Goods and services used for both taxable and exempt transactions – Pro rata deduction

• ECJ Case C-89/23 (Companhia União de Crédito Popular) – Questions – Whether the  commission which the law grants to the lender for the sale at auction of pledged goods may be regarded as an ancillary service to the principal service

Exemption

• Comments on ECJ C-47/22: Clarification on the Portuguese VAT Regime for Insurance Companies

• Ryan March 2023 Highlights

• Temporary VAT exemption to certain food products

• Temporary exemption from VAT in food products

• Temporary VAT exemption – Products of the Essential Healthy Food Basket

• ECJ Case C-89/23 (Companhia União de Crédito Popular) – Questions – Whether the  commission which the law grants to the lender for the sale at auction of pledged goods may be regarded as an ancillary service to the principal service

• VAT Carveouts in Portugal

Fiscalization

• How is Advance Payment Processed from a Fiscalization Perspective in Portugal?

• Gift Card Treatment

Flat Rate Schemes

• Portugal to temporarily remove VAT on 44 goods

Legislative Change

• Implementation of zero VAT on food staples to combat rising prices

• Temporary VAT exemption for certain food products

Rate

• Zero VAT rate is a “failed measure” says PPM (right-wing political party in Portugal)

• Tax authorities clarify doubts about zero VAT

• Portugal’s Food VAT Cut is Working as Retailers not Taking Advantage, PM says

• Reduced VAT rate of 13% for certain gas oils and fuels

• Latest VAT changes in Portugal

• Implementation of zero VAT on food staples to combat rising prices

• Temporary VAT exemption introduced for selected food products

• Update – Portugal Provides 0% VAT Rate for Essential Foods

• Temporary VAT exemption for certain food products

• Temporary exemption from VAT in food products

• Temporary VAT exemption – Products of the Essential Healthy Food Basket
• VAT Carveouts in Portugal

• 0% VAT Essential Foods Finally Confirmed

• More Foods Added to 0% VAT List

Real Time Reporting/Continuous Transaction Controls

• Fonoa Webinar – Tax Essentials: Portugal Digital Reporting Fundamentals (June 7)

Registration

• Registration threshold for established companies will progressively increase from 2023 to 2025

Reporting / Compliance

• Extension to submission and payment deadline for periodic VAT return for the period June and Quarter 2 2023.

• Generate your XML file for Portuguese ECSL return

• Gift Card Treatment

• Deadline for reporting and payment of VAT changes

• International VAT Rate Round Up: April 2023

SAF-T (Standard Audit File for Tax)

• Fonoa Webinar – Tax Essentials: Portugal Digital Reporting Fundamentals (June 7)

• Five Key Questions About SAF-T in Portugal

Webinar/Event/Podcast

• Fonoa Webinar – Tax Essentials: Portugal Digital Reporting Fundamentals (June 7)