- Portuguese legislation effective from 1 January 2024 introduces record keeping and reporting obligations for payment service providers
- Ordinance No. 81/2024/1 provides guidance on obligations of payment service providers, including structure and submission of reporting files
- Payment service providers must register with tax authorities and submit reporting files in XML format on a quarterly basis
- Circular No. 25025 clarifies application of reduced VAT rate to equipment for alternative forms of energy
- Reduced VAT rate is currently 6% in mainland Portugal, 5% in Madeira, and 4% in the Azores
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
