Portugal / Delays UBO Registration and Non-resident Certified Software Obligation Effective Dates

By |July 19th, 2019|

By 30th November 2019, all VAT-registered companies in Portugal will have to be registered on the Portuguese central beneficial ownership register. This registration deadline has recently been postponed from 30th June 2019. An ultimate beneficial owner (UBO) is an individual who ultimately owns or controls more than 25% of a company's [...]

Portugal | Delays Mandatory e-Invoicing to Public Bodies Until July 2019

By |May 31st, 2019|

The Portuguese government has postponed its introduction of the new mandatory real-time invoice reporting regime for VAT-registered companies selling to government bodies until 1st July. As reported in our earlier story, this system was initially planned to come into effect from 1st January of this year. It will require companies making [...]

Portugal | Certified Software Obligation Extended to Non-residents From 1st July 2019

By |May 23rd, 2019|

Amendments to Portuguese VAT legislation expand the scope of the existing certified invoicing software requirement to non-resident companies. Scope of Certified Software Requirement Extended to Foreign Companies Under the current law, Portuguese companies are required to use invoicing software certified by the Portuguese tax authorities, in respect of their local [...]

Portugal | State Budget Changes to VAT Legislation from 2019

By |February 11th, 2019|

The recently adopted Portuguese 2019 State Budget Law has provided for the following legislative amendments to Portuguese VAT which generally came into effect as of 1st January 2019: Extension of the scope of the reduced 6% rate of VAT (5% in Madeira, 4% in Azores) to include: Traditional cane honey; [...]

Portugal | Set to Implement Mandatory e-Invoicing to Public Bodies from 2019

By |October 12th, 2018|

Following our previous story on Spain, Portugal has recently enacted legislation introducing mandatory electronic invoicing as of 1st January 2019, for all taxpayers performing business-to-government (B2G) transactions. From this date, affected taxpayers will have to create and transmit electronic invoices automatically through the tax administration’s e-invoicing in public procurement platform [...]

Portugal | Extension of Portuguese Import VAT Deferment Scheme

By |May 10th, 2018|

As of 1st March 2018, the Portuguese import VAT deferment scheme, initially launched last September is extended to apply to all imports of goods.  Prior to 1st March 2018, the mechanism only applied to a limited range of goods including cereals, coffee and chemical products. Under the scheme, qualifying businesses [...]

Portugal – VAT rate increase planned for January 2015

By |October 7th, 2014|

A draft law to increase the standard rate of VAT in Portugal from 1 January 2015 was submitted to parliament this year. With the deadline drawing closer the Portuguese parliament will need to decide whether or not to implement this rise. The proposal would seek to the increase the standard [...]

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