01.20.23
Revisions to Portuguese tax code
The turn of 2023 is a busy one for Portugal in fiscal-related matters, as it also has made significant revisions to its tax code.
As a summary, these changes include:
- An increase in the VAT exemption limit, from 12,500 Euros to 13,500 Euros in 2023
- An extension in the deadline for submitting tax returns, which includes an extension to 20 September for the filing of the second quarter VAT returns
- A reduction in the VAT rate for vegetable-based drinks and butter, to 6%
- A reduction on the VAT rate on biomass equipment, with specific equipment now taxed at 6%.
Tungsten supports all valid VAT rates as part of our e-invoicing solution in Portugal and these are available on our portal for selection.
Browse Portugal updates
Small Medium Enterprise (SME) B2G e-invoicing – further delay
- Informations sur le mandat fiscal
Business to Government (B2G) small medium enterprise (SME) e-invoicing postponement (again)
- Informations sur le mandat fiscal
VAT exemption for specific food product imports and transfers and food products
- Informations sur le taux de TVA/G(S)ST
Broadening of goods subject to reduced rate
- Informations sur le taux de TVA/G(S)ST
Guidance relating to single-use packaging tax
- Autres taxes applicables
Revisions to Portuguese tax code
- Mises à jour des pays
Mandatory inclusion of the ATCUD code on invoices (miscellaneous)
- Mises à jour des pays
Reduction of VAT on purchase of bicycles
- Informations sur le taux de TVA/G(S)ST
Option to use PDF as e-invoices further extended & other relevant tax changes
- Mises à jour des pays
VAT exemption codes updated
- Mises à jour des pays
Reduction in VAT for gas and electricity
- Informations sur le taux de TVA/G(S)ST
B2G e-invoicing delay for small / medium enterprises
- Informations sur le mandat fiscal
SAF-T obligation extended to non-established businesses
- Mises à jour des pays
Extension of certain VAT rates
- Informations sur le taux de TVA/G(S)ST
Requirement to accept the PDF as an e-invoice
- Mises à jour des pays
Requirement for e-signatures on PDF invoices
- Mises à jour des pays
Confirmation ATCUD code remains optional & option to use PDF invoices as an e-invoice is extended to 30 June 2022
- Informations sur le mandat fiscal
Option to use PDF e-invoices extended to 31 December 2021
- Mises à jour des pays
New standard rate of 16% in the Azores
- Informations sur le taux de TVA/G(S)ST
Non-resident billing software certification from 1 July 2021
- Mises à jour des pays