- Portugal’s Council of Ministers approved a law introducing VAT group simplification for related businesses
- The system allows financially, organizationally and economically linked companies to consolidate their VAT reporting into a single return
- Businesses in the VAT group will be able to use the same VAT number for their operations
- The VAT group simplification is scheduled to become effective from July 1st 2026
Source: meridianglobalservices.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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