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.
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Browse Portugal updates
Small Medium Enterprise (SME) B2G e-invoicing – further delay
- Mandate information
VAT exemption for specific food product imports and transfers and food products
- VAT/G(S)ST rate information
Broadening of goods subject to reduced rate
- VAT/G(S)ST rate information
Guidance relating to single-use packaging tax
- Other applicable taxes
Revisions to Portuguese tax code
- Country updates
Reduction of VAT on purchase of bicycles
- VAT/G(S)ST rate information
VAT exemption codes updated
- Country updates
Reduction in VAT for gas and electricity
- VAT/G(S)ST rate information
B2G e-invoicing delay for small / medium enterprises
- Mandate information
SAF-T obligation extended to non-established businesses
- Country updates
Extension of certain VAT rates
- VAT/G(S)ST rate information
Requirement to accept the PDF as an e-invoice
- Country updates
Requirement for e-signatures on PDF invoices
- Country updates
Option to use PDF e-invoices extended to 31 December 2021
- Country updates
New standard rate of 16% in the Azores
- VAT/G(S)ST rate information
Non-resident billing software certification from 1 July 2021
- Country updates