Portugal has extended the import VAT reverse charge relief to all goods from 1 March 2018. The system was introduced for a restricted list of goods, including cereals, wools and olive oil. It enables approved companies to postpone the cash payment due for import of goods into Portugal. Instead, they may declare the transaction in their next VAT return against any sales VAT and thus avoiding any cash payments.
Related Posts
Portugal introduces housing tax incentives to expand affordable rental market
June 05, 2026
Portugal has introduced a broad package of tax incentives and housing reforms through Decree-Law No. 97/2026 on 20 May 2026, with measures aimed at increasing housing supply and supporting moderate-priced homes for the middle class and first-time
Read More
Portugal gazettes DAC8 crypto reporting, DAC9 Pillar Two information exchange rules
June 05, 2026
Portugal has published Law No. 26/2026 of 3 June 2026, implementing Council Directive (EU) 2023/2226 (DAC8) and Council Directive (EU) 2025/872 (DAC9). The legislation establishes a comprehensive framework for administrative cooperation in tax
Read MorePortugal issues VAT group regime return form, filing rules
June 04, 2026
Portugal published Ordinance No. 244/2026/1 in its Official Gazette on 1 June 2026, approving the VAT declaration (return) form and accompanying instructions for the newly introduced VAT Group Regime (Regime de Grupos de IVA). The ordinance
Read MorePortugal clarifies GIR filing relief under global minimum tax regime
June 02, 2026
The Portuguese Tax and Customs Authority has issued guidance on the filing of the Information Return on the Top-Up Tax (GIR return) under the Global Minimum Tax Regime (GMTR/Pillar Two), following a common understanding published by the OECD on 18
Read MorePortugal approves DAC8 crypto-asset reporting, DAC9 Pillar Two information exchange
May 15, 2026
Portugal’s Assembly of the Republic has approved Assembly Decree 69/XVII (Draft Law 64/XVII/1), setting out the transposition of two EU tax cooperation directives covering crypto-assets and global minimum tax reporting, according to the
Read MorePortugal extends 2025 corporate income tax filing deadline
May 14, 2026
The Portuguese Tax and Customs Authority has extended the deadline for submitting the annual corporate income tax return (Modelo 22) and the corresponding payment for the 2025 tax year to 19 June 2026, without any penalties or surcharges. The
Read More