- Portuguese Tax and Customs Authority issued Circular No. 25065 on VAT exemption for small businesses in the EU
- VAT exemption applies to businesses in the EU with annual turnover not exceeding 100,000 euros
- Conditions outlined for businesses in Portugal to qualify for the exemption
- Declaration and invoicing requirements specified
- Businesses cannot deduct input VAT under this exemption regime
- Eligibility for businesses outside Portugal ends on July 1 with notification requirements
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.
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