Latest news and stories about tax regulation in Portugal for expats and residents.
“There is nothing left to clarify.” This is how the president of the Recuperar Portugal mission structure ends the controversy surrounding the billing of the Test Beds. The tax authorities warned these consortia that grants must be subject to VAT. However, the change has caused confusion, acknowledged by the National Agency itself...
Parliament approved today in a final vote new rules for information exchange with tax authorities regarding minimum corporate income tax and sanctions for crypto-asset service providers that fail to report data to the tax administration.
Parliament approved new rules on information exchange with tax authorities regarding minimum corporate income tax (IRC) and penalties for crypto-asset service providers that fail to report data. The legislation, which transposes EU directives to combat tax evasion and profit shifting, also implements the OECD's global minimum tax framework for multinational corporations with revenues exceeding 750 million euros. Companies failing to report client crypto-asset transactions by February face fines ranging from 2,000 to 22,500 euros, with reduced penalties for late submissions.
Car owners will now pay vehicle tax on fixed dates, instead of doing so in the month of the vehicle's registration. The Tax and Customs Authority warns of IT challenges in the new payment model approved in committee.
Payment months will be different over the next two years
The government plans to maintain the reduction of the ISP (Tax on Oil Products) discount in response to further decreases in fuel prices.
The government approved a change in the Council of Ministers that regulates the payment method for the Single Circulation Tax, but it will only take effect in 2027. Previously, payment was due in February, but it has now been moved to April.
The Government has approved changes to the payment of the Single Circulation Tax (IUC) during a Council of Ministers meeting. Payments will now be made at the same time for all taxpayers, regardless of the registration month. However, contrary to initial announcements, these changes will only take effect in 2027, not 2026.
