The transaction code called Código do Imposto de Transacções, was replaced by the Vat Code, which was introduced in Portugal on January 1, 1986. The VAT laws in Portugal are based on EU legislation, of which Portugal was a founding member. Portugal is therefore obliged to implement the VAT Directives which provide guidance on VAT.
Should a conflict arise, the European Directive will take precedence. This VAT guide covers both the inland territory of Portugal as well as the autonomous regions of Azores and Madeira with reduced rates applicable to supplies in these islands.
Source GVC
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- See Country VAT guides for other countries
- VAT Country guides of the European Union Countries
