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Postponement of digital signature requirement in Portuguese invoices for one additional year. According to Draft State's Budget 2025, the requirement is expected to enter into force by January 2026.
Madeira Decreased Reduced VAT Rate to 4%, from former 5%. The measure will be effective in the Portuguese island from 1 October 2024.
Several countries have implemented summer deadline extensions for VAT returns, providing additional time to comply with tax obligations.
Annual VAT return in Portugal is a recapitulative statement due by mid-July of the following year. This year, the deadline is extended to 31st July 2024.
Portuguese VAT-registered taxpayers must submit an annual confirmation of the information in the UBO registry in Portugal.
Standard audit file for tax (SAF-T) will become mandatory for non-established company issuing invoices in Portugal from January 2023.
Portugal reduces VAT rates on certain goods and services in 2023.
Portugal introduces a special refund regime for conference organizers allowing to deduct 100% of hospitality expenses.
Clarifications about reverse charge on supplies made by foreign companies.
As part of the continuous COVID-19 pandemic measures published by the Portuguese tax authorities, they confirmed new deadline extensions for VAT returns, and the postponement of the ATCUD invoicing requirement.
The Portuguese tax authorities clarified the VAT rules on domestic supplies of goods and services in Portugal when the supplier is non-established.
Due to Covid-19, the Portuguese tax authorities announced that taxpayers will have the option to pay VAT due in installments during the first six months of 2021. The conditions for this extension are strict.