Study shows VAT cuts on food fully benefit consumers — with evidence from Portugal, the UK, Spain and France A recent study by João Quelhas and Tiago Bernardino, PhD students in economics at Stockholm University, offers strong evidence that reducing VAT on food directly lowers
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
Increase in Intrastat Arrivals threshold from 1 January 2025 Portugal has increased its Intrastat Arrival reporting thresholds for 2025 as follows Arrivals: increased to €650,000 per annum from €600,000 Dispatches: unchanged at €600,000 per annum Read more in our Portugal VAT guide. Paper or electronic submissions
Increase in Intrastat reporting threshold from 1 January 2025 Portugal has raised its Intrastat reporting thresholds for 2024 as follows Arrivals: increased to €650,000 per annum from €600,000 Dispatches: is unchanged €600,000 per annum Read more in our Portugal VAT guide. Check EU intrastat thresholds
2024 Budget renews electricity supplies VAT cut until Dec 2024 The Portuguese government’s 2024 budget proposes extending for a further twelve months the reduction in VAT on electricity supplies. The rate is currently 6% since being cut from 13% in October 2023. Sept 2023: 9%
Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods for a further three months until 31st December 2023. This covers a list of 46
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
