Portugal
VAT Name :
Imposto Sobre o Valor Acrescentado (IVA)
VAT Number Format :
123456789 (9 digits)
VAT Information Offices :
Autoridade Tributaria e Aduaneira, Direccao de Servicos do IVA, Av Joao XXI 76, 3 Apartado 8290, 1049-065 Lisbon
RATES
| Rate | Type | Which goods or services |
|---|---|---|
| 23% | Standard | All other taxable goods and services |
| 13% | Reduced | Certain foodstuffs (canned meats, etc.); Food; Gas; Waterway services; Accommodation; Transport of passengers; Cultural services; Admission to shows, etc. |
| 6% | Reduced | E-books; Certain listed foodstuffs (vegetables, bread ,fruit etc); Live animals, seeds and plants for foodstuffs; Water; Pharmaceuticals; Medical equipment; Children's car seats; Passenger transport; Books; Newspapers and periodicals; Certain social housing; Renovation and repairs of private dwellings; Agricultural inputs; Hotel accommodation; Medical and dental care; Street cleaning; Waste collection; Domestic care; Certain imported art works; Art supplied by creator; Bridge tolls; Live plants |
EXEMPTIONS
- Letting of immovable property
- Letting of residential property
- Insurance and financial services
- Non profit organisation’s subscriptions
- Bodies governed by public law covering children’s or young person’s education and welfare
- Old people’s homes
- Social well-being, etc.
- Congresses and conferences of scientific and education nature
- Hospital and medical services
- Education services
- Supply of land
- Option to tax can apply in certain cases to leasing and letting of immovable property, supply of buildings and land
THRESHOLDS
Registration Threshold :
– EUR 10.000 applicable to taxable persons who do not import or export goods
– EUR 12.500 applicable to taxable persons subject to simplified regime up to annual turnover of EUR 50.000
Intrastat Dispatches : EUR 350.000 (simplified) or EUR 6.500.000 (full)
Intrastat Arrivals : EUR 250.000 (simplified) or EUR 5.000.000 (full)
Distance Selling Threshold : EUR 35.000
Intra-Community Acquisition Threshold : EUR 10.000
VAT Free Shopping for Tourists : EUR 49,88
Non-Resident : Non-resident businesses without a fixed establishment must register for VAT (nil threshold)
PENALTIES
Late or No Filing : Penalty of EUR 300 to EUR 3.750
Late or No Payment : 30% to 100% penalty
Late assessment interest : 4% annually
Late payment interest : 5.47% annually
Other :
– Intrastat: penalties of EUR 500 to EUR 50.000
– Penalties may apply in cases of tax fraud, evasion, etc.
DEADLINES
Assessment Period : 4 years
Standard Tax Period :
– If annual turnover < EUR 650.000 then quarterly
– If annual turnover > EUR 650.000 then monthly
Monthly Returns – 10th of the second following month; payment due on the 15th day
Quarterly Returns – 15th of the second following month; payment due on the 20th day
ESL filing – 20th day of the month following reporting period
Intrastat filing – 15th day of the month following reporting period