Portugal: VAT Amendments

In late August, Portugal introduced several important amendments to the VAT Code and its complementary legislation.

Among the changes are those impacting the following:

·         Location of rendering of services

·         Invoicing process and requirements (including term of issuance, mandatory information, reporting requirements, and E-invoicing) 

·         Amendments to the scheme of circulation of goods in transactions between VAT registered taxpayers

·         Applicable Personal Income Tax benefit re input tax

Please contact Nick Hart with any VAT-related concerns or queries.