Companies in VAT Groups Must Provide More Data to Tax Authorities Under New Rules

• Companies in VAT groups must provide more detailed information to tax authorities.
• For VAT refunds, all group companies must report client and supplier data, regardless of whether they are claiming a refund.
• This increases administrative workload, according to tax experts.
• The new requirements apply to all companies in the group, even if only one is requesting a refund.
• The tax authority has issued guidelines to clarify these practical aspects.

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.

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