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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Browse Portugal 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
Extension of deadline for use of PDF invoices
- Country updates
Non-resident billing software certification from 1 July 2021
- Country updates
Extension of acceptance of PDF formats
- Country updates
Postponement of single document code (‘ATCUD’)
- Mandate information
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