Portugal Enacts Law Establishing VAT Group Regime, Effective for Tax Periods from July 2026

• Portugal enacted Law No. 62/2025, establishing a VAT group regime.
• The law defines scope, eligibility, and procedures for forming a VAT group.
• Parent companies must file declarations to elect, modify, or terminate group status, effective from the filing tax period.
• Group entities calculate VAT individually and submit periodic declarations; the parent company consolidates and pays group VAT.
• The law applies to tax periods starting on or after July 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.

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