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  • How to pay Portuguese VAT from abroad

    The Portuguese authorities published guidelines on how to make VAT payments from a foreign bank account . These guidelines area important for foreign businesses registered for VAT in Portugal. Going forward, in addition to the payment reference, you should also include your VAT number.

    Portugal has a unique system to pay VAT. Once you submit your VAT return, in addition to the submission receipt, you will get a payment form with a long number that you must use as reference in your bank transfer. The problem with foreign banks is that references are not always communicated in standard format, hence the authorities...

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    By Marosa EU VAT Portugal Published 20/06/2017 09:11

    Portuguese changes on excise duties

    The Portuguese authorities announced an increase on excise duties charged on diesel and a decrease on these duties on petrol. Since 1 January 2017, the applicable duties on commodity codes  2710 11 41/9 (petrol products) decreased from €568.95 to €548.9 for every 1,000 litres. Respectively, duties on diesel related products with commodity codes 2710 19 41/9 increased from €318.41 to €338.31 for every 1,000 litres.

    These changes are in line with a trend on increasing taxes on petrol over diesel in connection to environmental initiatives across Europe. Last year, France announced...

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    By Marosa EU VAT Portugal Published 26/02/2017 13:30

    Portuguese import VAT and SAF-T changes

    Following the publication of the 2017 budget law in Portugal, the government will introduce postponed import VAT accounting in Portugal. This mechanism allows businesses importing goods into the country to avoid the payment of import VAT at the border. Instead, import VAT is self-accounted in the periodic VAT return under the reverse charge mechanism.

    It is still not clear what will be the procedure to apply for postponed import VAT accounting. We expect the forms and further details to be published in the coming weeks.

    Payment of import VAT is generally due at the border. Because VAT can only be deducted...

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    By Marosa EU VAT Portugal Published 29/01/2017 22:47

    Portuguese VAT registration deadline

    In Portugal, the VAT registration form must be submitted within 15 days from the moment a company has been incorporated in the Portuguese Trade Registry. This deadline has now been cancelled and the registration form is required prior to any activities carried in Portugal. This also applies to non-established companies.

    Portugal also allows backdated registrations, but these would be subject to late filing and late payment penalties according to the Portuguese sanction scheme.

    In most European countries, a registration form is due prior to start your taxable activities in the country. This requirement...

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    By Marosa EU VAT Portugal Published 30/10/2016 19:39

    Refund of excise duties in Portugal

    The Portuguese government announced plans to reimburse a percentage of the Excise duties paid on Diesel oil. The rate reimbursed has not been published yet but the government´s intention is to reduce the excise duty rate to the minimum €0.33 per litre.

    The new refund regime will only be allowed to road transport companies using EU licensed trucks of at least 7.5 tons. These companies must be established within the EU and the refund request must be filed electronically as an application to the tax and customs authorities. These refunds will be granted as from 1 January 2017.

    This information has...

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    By Marosa EU VAT Portugal Published 31/08/2016 13:57
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