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
- Not trading scrap metals.
These businesses must register immediately unless they can demonstrate any trade was a one-off activity not exceeding €25,000.
The phased annual VAT threshold for all other resident businesses is:
- 2023: €13,500
- 2024: €14,500
- 2025: €15,000
Non-resident businesses must register immediately if required to do so.
Read more in our Portugal VAT guide.
