- Transposition of EU Directives: The decree partially implements EU Directives on VAT exemptions for small businesses, aiming to simplify compliance and create a common legal framework across the EU.
- Eligibility and Exemption Conditions: Small businesses with an annual turnover not exceeding €100,000 can benefit from VAT exemptions in other Member States, while certain restrictions for micro-enterprises are eliminated.
- Harmonization and Simplification: The decree standardizes definitions and declaration obligations, ensuring consistent application of the exemption regime and introducing simplifications to reduce administrative burdens for small businesses.
Source diariodarepublica.pt
Latest Posts in "Portugal"
- Portugal Grants Six-Month VAT Exemption for Farmers in Fire-Affected Areas on Animal Feed
- Construction Sector Applauds 6% VAT Reduction, Requests Clarification for Ongoing Processes
- Portugal Offers 6-Month VAT Relief to Farmers Impacted by Rural Fires
- eInvoicing in Portugal
- Portugal prepares E-invoicing 2030