Key takeaways
- Portugal has a standard VAT rate of 23%, with reduced rates and exemptions available for specific goods and services.
- Businesses operating in Portugal must register for VAT before starting taxable activities, with a deadline of 15 days after company establishment. Distance sellers have a €10,000 threshold for registration.
- Adherence to invoicing rules is essential as well as filing frequency & deadlines when submitting returns. IOSS & SAF-T schemes are also in place while noncompliance may result in fines or other sanctions.
Source Taxually
See also
Latest Posts in "Portugal"
- Parliament Approves VAT Group Scheme and Gradual Corporate Tax Cuts, Boosting Business Incentives
- Portugal Parliament Considers 2026 Budget Bill With Major Tax and VAT Amendments
- Reduced Rate for Olive Oil Production
- Portugal Delays Mandatory Electronic Signatures for PDF Invoices Until 2027
- Proposal to postpone e-invoicing, QES and SAF-T one year
