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
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
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
