Portugal introduces a special refund regime for conference organizers

Portugal introduces a special refund regime for conference organizers which allows the deduction of 100% of hospitality expenses.

To benefit from this new regime, the business or company must be registered in Portugal under the main economic activity number 82300, which relates to Organisation of fairs, congresses and other similar events (NACE code)

Also, the list of expenses connected to the organization of fairs, congresses, conferences, exhibitions and similar events are the following:

• Transport expenses and businesses travel and its staff, including tolls.
• Accommodation, foods and drink expenses.
• Reception expenses
• Expenses related to immovable property, part of a building or its equipment for the event.

Normally, these companies can only deduct up to 50% of the above expenses as input VAT. However, the new regime will allow the deduction of the additional 50%, which would result of the 100% deductibility for companies registered in the regime.

To apply this new regime, conference organizers’ businesses must apply for it online and on a monthly basis. We expect that further information is issued on this new procedure.

Find here the regulation.