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: Tax Authority opens Pillar Two Form 64 filing service for 2024
Portugal’s Tax and Customs Authority has opened the electronic submission service for Form 64 – Settlement
Read More
Portugal proposes further IRS reductions for 2026 income
Portugal's Council of Ministers, chaired by the Prime Minister, approved Bill No. 108/XVII/2.ª on 17 September 2026,
Read More
Portugal extends Pillar Two Modelo 62 filing deadline for 2025 tax year
Portugal’s Secretary of State for Fiscal Affairs has extended the deadline for entities subject to the Global Minimum
Read More
Portugal extends deadline for export certificate delivery amid system delays
Portugal has extended the deadline for delivering Export Certificates of Proof (CCE) to suppliers for VAT-exempt
Read More
Portugal overhauls SIFIDE II R&D tax incentive regime
Portugal has enacted a major reform of its tax incentives for business research and development (R&D), extending
Read More
Portugal updates VAT correction, return rules
Portugal’s tax authorities issued Circular Letter No. 25120/2026 on 28 July 2026, updating procedures for invoice
Read More