Portugal
Portugalis one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | PT |
| EU Member State | Yes |
| VAT Rates | |
| Standard VAT Rate | 23% |
| Reduced VAT Rate | 13% |
| Special Reduced VAT Rate |
6% |
| VAT Compliance | |
| Standard VAT Return filing period | Monthly or (calendar) quarter |
| Standard VAT Return filing deadline | 20th day of the second month following the filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses |
| Record retention period | 10 years |
| Electronic invoicing | Not mandatory for B2B transactions |
| Real-time reporting | Yes * |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
Yes, under conditions |
| Other domestic reverse charge mechanisms? | Yes, e.g. (sub-)contracting work, supplies of specific goods (e.g. scrap, waste materials), supply of CO2-certificates |
| Postponed Accounting on Import | Yes, under conditions |
| VAT Grouping possible? | No |
| VAT Refunds for non-EU businesses? | Reciprocity is applied on a case-by-case basis |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | * Monthly submission of SAF-T file |
Here's an overview of the latest VAT news for this country.
