- In 2024, EU countries collected 33 billion euros in VAT revenue from e-commerce, following reforms introduced in 2021. Since then, about 88 billion euros have been collected. The reforms aimed to simplify tax compliance and ensure fair taxation, allowing businesses to declare and pay VAT on cross-border sales within the EU. The number of registered operators continues to grow, with over 170,000 companies participating by the end of 2024. The changes were intended to remove barriers to cross-border online sales and address challenges with low-value imports.
Source: jornaldenegocios.pt
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.
Latest Posts in "Portugal"
- Portugal Approves Amendment to VAT on Urban Rehabilitation — Clarification of Reduced Rate Conditions
- Portugal Tax Enforcement Rises 10% as VAT Debt Takes Greater Weight
- PSD Uses Centeno to Attack Zero VAT, PS Cites CDS Support
- Parliament Clarifies 6% VAT Rate for Urban Rehabilitation Works
- Portugal to Launch VAT Grouping Regime for Closely Linked Companies in 2026
