- Portugal has introduced new VAT rules and guidelines for 2025
- Amendments include changes to VAT return filing frequency and turnover thresholds
- Circular No. 25069 allows more flexibility in filing frequency and sets a turnover threshold of EUR 650,000
- Decree No. 35/2025 incorporates the EU SME Scheme into national law
- Circular No. 25065 clarifies the application of the EU SME Scheme
- Ordinance No. 191/2025/1 introduces a new cover sheet for the annual VAT return
- Some rules are already in effect, while others will start on July 1, 2025
- Taxable persons in Portugal should review these changes to understand their impact
Source: vatabout.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.
