- Portugal’s Tax Authority issued guidance on VAT return simplification measures effective July 1.
- Taxpayers in the monthly VAT return regime are no longer bound to a three-year minimum.
- The tax authority will not change a taxpayer’s VAT filing frequency unless specified by law.
- Taxpayers with turnover of €650,000 or more in 2025 must file monthly in 2026.
- Quarterly filers exceeding the turnover threshold in 2025 must declare changes in January 2026 to switch to monthly filing.
- The circular offers clarity on applying updated VAT return rules based on turnover.
Source: globalvatcompliance.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.
