VAT compliance and reporting rules in Portugal 2024 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
Increase in Intrastat reporting threshold from 1 January 2024 Portugal has raised its Intrastat reporting thresholds for 2024 as follows Arrivals: increased to €600,000 per annum from €400,000 Dispatches: increased to €600,000 per annum from €400,000 Read more in our Portugal VAT guide. Check EU
PDF Qualified Electronic Signatures delay till Jan 2025 Portuguese businesses may continue to use PDF invoices as ‘electronic invoices’ until 31 December 2024. After which, they must include a Qualified Electronic Signatures (QES) from 1 January 2025. QES’ may only be issued to taxpayers by
Nov 2023: 1-year delay on the SAF-T Accounting to 2025 Portugal has delay for 1-year the implementation of annual SAF-T Accounting reporting. The new first period of reporting will be 2025 (instead of 2024). The first report will be due early 2026. The SAF-T accounting
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
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
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
COVID-19 crisis means postponed VAT returns and payment deadlines The Portuguese tax authority, Autoridade Tributária e Aduaneira (AT), has extended both monthly and quarterly VAT return filings and payment deadlines. This is provided in recognition of the continuing COVID-19 crisis. The changes are as follows: Monthly
