- The Portuguese Tax and Customs Authority issued Circular No. 25069 on May 19.
- The circular clarifies tax simplification measures on periodic VAT returns under Decree-Law No. 49/2025.
- Quarterly VAT filers who chose the monthly regime are not required to stay monthly filers for three years.
- The Tax Agency will not change filing frequency, with some exceptions.
- VAT payers with turnover of 650,000 euros or more in 2025 must remain monthly filers in 2026.
- Quarterly VAT filers with turnover of 650,000 euros or more in 2025 must declare changes to opt for monthly filing in January 2026, effective from January 1, 2026.
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.
