08.08.21
New standard rate of 16% in the Azores
The standard VAT rate in Portugal (the Azores) has been reduced from 18% to 16%.
Tax Circular 30237 outlines the procedures to be followed further to this tax rate change. These include:
- Chargeability;
- Adjustments;
- The cash VAT regime;
- Intra-community acquisition of goods.
There have been no changes to the mainland Portuguese tax rates.
Compliance is complicated
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