Increase in Intrastat reporting threshold from 1 January 2023 Estonia has raised its Intrastat reporting thresholds for 2023 as follows Arrivals: increased to €400,000 per annum from €350,000 Dispatches: increased to €400,000 per annum from €250,000 Read more in our Portugal VAT guide. Check EU
3 reforms for non-resident taxpayers implemented 1 January 2023 Since 1 January 2023, the Tax and Customs Authority (AT) now requires foreign businesses VAT registered in Portugal to comply with 3 requirements already in place for residents: Invoices must be produced by certified invoicing software
Phased increase of annual VAT registration threshold for certain taxpayers The Portuguese tax authorities, Autoridade Tributária e Aduaneira, has confirmed a new phased increase in the VAT registration threshold for the following businesses: Not exporting or importing goods; Not obliged to complete statutory accounts; or
Transactional data report postponed one year to 2024; first filing due in 2025 to cover 2024 Portugal’s Autoridade Tributária e Aduaneira (AT) is to make compulsory the production of a Portuguese Standard Audit File for Tax (SAF-T) Accounting file added to the existing Invoice SAF-T PT requirements. This
VAT compliance and reporting rules in Portugal 2023 Below is summary of the major rules provided under Portuguese VAT rules (Mervärdesskattelagen 1994, VAT Act; Regulations and guidelines from the Ministry of Finance), plus adoption of EU VAT Directive provisions. Check our country VAT guides for
9% August inflation prompts energy VAT cut; follows extension of fuel duty cut Portugal has cut the Value Added Tax rate on domestic electricity from 13% to 6% from 1 October 2022 until 31 December 2023. In addition, there is a single payment of €125
10% inflation, including 24% energy inflation prompts extension of fuel duty cut Whilst Portugal is still considering a Value Added Tax rate cut on petrol and diesel, it will roll over an April cut duty on petrol by an amount equivalent to a 10% reduction
Non-resident business with a Portuguese VAT registration must submit monthly invoices under SAF-T PT from Jan 2023 Foreign businesses producing their Portuguese invoices using certified software are obliged from 1 January 2023 to submit monthly invoice summaries using the SAF-PT format. This will be due
PDF invoices continue to be recognised until 31 December 2022 The Portuguese tax office has further delayed the requirement to adopt e-invoice format under order 49/2022-XXII on 24 May 2022. From 1 January 2023, the QES (Qualified Electronic Signature), which is recognised as having the
