- Portugal passed Law No. 11/2025, amending the VAT Code and special regime for second-hand goods, artwork, collectibles, and antiques.
- The law partially transposes EU Directive 2022/542 on VAT rates.
- The amendments include:
- Establishing place of supply rules for services related to virtual events.
- Applying the standard VAT rate to transfers under the special second-hand taxation regime.
- Removing the option to opt out of the special second-hand taxation regime when the acquisition or import was subject to a reduced VAT rate.
- The amendments are expected to take effect in 2025.
Source: news.bloombergtax.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.
Latest Posts in "Portugal"
- Extension of Reverse-Charge Mechanism for Construction Services to All Taxable Persons in Portugal
- Partial VAT Refund for Individuals on Construction of Primary Residence up to EUR 660,982
- Reduced VAT Rate for Residential Construction and Rehabilitation: Conditions and Timeline Until 2032
- Portugal VAT Return Rules 2026: New Company Responsibilities and Turnover Thresholds Explained
- Portugal 2026: New VAT Declaration Rules Require Businesses to Self-Determine Filing Frequency
