Portugal 2017 VAT changes

Wed 21st Dec 2016

The 2017 Budget has been approved by Parliament. This included a number of VAT changes applicable from 1 January 2017. These included:

  • Introduction of VAT deferment (via reverse charge) on import VAT for a range of goods (Sept 2017)
  • Reclassification to the reduced 13% VAT rate of some basic foods
  • A proposal to apply the reduced VAT rate on all beverages (alcoholic and non-alcoholic) supplied in restaurants and cafes
  • Deadline for Standard Audit File for Tax (SAF-T) invoice table reporting is moved from the 25th to the 20th of the month following the reporting period

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