- Portuguese Tax Authority published Circular No. 25066 with VAT simplification measures
- Changes aim to reduce administrative burdens effective from July 1, 2025
- Customer summary map requirement removed to cut costs and duplicative reporting
- Occasional transactions exemption allows skipping activity commencement declarations
- Taxpayers can switch from quarterly to monthly VAT filing without a three-year commitment
- Amended VAT Code applies to operations from July 1, 2025
Source: globalvatcompliance.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.
