- Portugal to introduce VAT group simplification option
- Related taxpayers can join under a single VAT number for reporting and exempt intra-group invoicing
- Cash accounting simplification threshold raised from €500,000 to €2 million
- Based on Article 11 of the EU VAT Directive 2006/112/EC
- Option for a single VAT return for related companies
- Intra-group transactions made without VAT
- Intra-group VAT transactions zero-rated to avoid cash flow requirements
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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