News & Events

VAT Quick Fixes – entry into force in Portugal

The VAT Quick Fixes legislation was pending approval by national parliament since February this year. After a Covid-19 related hiatus the legislation has now entered into force, covering:

  • VAT exemption of Intra-Community chain transactions, with introduction of criteria to allocate the key dispatch or  transport operation in the chain of transactions;
  • Simplification of intra-community call-of stock arrangements, allowing for the non-register of suppliers benefiting from such arrangements;
  • Role of the recipient’s VAT identification number to exempt Intra-Community supplies from VAT.

Entry into force backdated to 1 January 2020

One of the curious facets of the legislation is the entry into force backdated to 1 January 2020. Taxpayers are given the possibility to file amendment returns (e.g.: recapitulative statements) up to 31 December 2020 to meet the “new” obligations.

Check the law

You can check DL 49/2020 of 24 August (PT version) in this link.

 

Request Info
 
Privacy Consent

This site uses cookies to enable our website to interact with your browser so as to provide you with better service and a more effective website. By clicking “Agree” you are consenting to the use of cookies. You may change the definitions of your Internet browser to disable cookies, but this may result in a reduced availability of the services provided in our website. To find out more, please read our Privacy Policy.
I Agree