- The government approved a new VAT regime for fuels to fight tax fraud and evasion.
- VAT liability will be reversed along the supply chain: the buyer, not the seller, will self-assess the tax in transactions between operators.
- This applies until the fuel reaches the final consumer.
- A monthly VAT filing regime will be mandatory for these cases.
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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