- Portugal passed Law No. 11/2025, amending the VAT Code and special regime for second-hand goods, artwork, collectibles, and antiques.
- The law partially transposes EU Directive 2022/542 on VAT rates.
- The amendments include:
- Establishing place of supply rules for services related to virtual events.
- Applying the standard VAT rate to transfers under the special second-hand taxation regime.
- Removing the option to opt out of the special second-hand taxation regime when the acquisition or import was subject to a reduced VAT rate.
- The amendments are expected to take effect in 2025.
Source: news.bloombergtax.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.
