Portugal has implemented Law No. 81/2023 to address VAT fraud in cross-border e-commerce. The law, which transposes EU Directive 2020/284, imposes strict requirements on payment service providers. It includes clear definitions for key terms, mandates electronic record-keeping for three years, sets threshold requirements for record-keeping, introduces calculation rules for payment thresholds, excludes specific payment services from the obligations, and outlines penalties for noncompliance.
Source GlobalVATcompliance
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