Vat news in Portugal

Companies apprehensive. Software "is not prepared" for new mandatory invoice rectification rules

From the IES to the pharmaceutical contribution: See the tax obligations for July

From zero VAT to fuel tax exemptions, Carneiro's proposals to address the rising cost of living

Chega will propose zero VAT for essential goods this year

Changes to the VAT periodicity regime: how to complete the amendment declaration?

SAF-T Invoicing, VAT and Corporation Tax: See January's tax obligations

Veterinarians submit petition to lower VAT

The petition, which has over 8,000 signatures, represents 'a concern that goes far beyond the profession' and advocates for a reduction in VAT on veterinary services for pets from 23% to 6%.

Veterinarians submit petition to Parliament to lower VAT on pet care

The Order of Veterinary Surgeons (OMV) is submitting a petition to the Assembly of the Republic today that collected around 8,000 signatures by Tuesday, with the goal of lowering VAT on veterinary services for pets.

Tax revenue to rise 4.2%. VAT already yields over 30 billion

The Government expects to collect 70.672 billion euros in taxes next year, 4.2% more than the forecast for 2026. The expected growth results primarily from an increase in indirect taxes, but also in direct taxes. VAT remains the tax that, in absolute terms, yields the most for the State coffers, and...

VAT revenue to hit a record in 2027 and exceed €30 billion

Revenue is expected to grow by 5.3% compared to the estimated execution for 2026. The government attributes the increase primarily to growth in private consumption.

Operation “Hermes”: VAT fraud caused Portugal losses of over 150 million. In the EU, the damage reaches 410 million.

An investigation into an extensive VAT fraud scheme revealed that Portugal lost more than 150 million euros, with total losses across the European Union amounting to 410 million euros.

24 Notícias7 Oct

Mega VAT fraud operation involving mobile phones: 250 searches and around 40 arrested

A massive VAT fraud scheme is under investigation, involving the trade of mobile phones within the European space.

Indirect taxes: what is their weight in the 2027 State Budget?

Throughout this week, Expresso is analysing the State Budget for the coming year with the support of Deloitte as a knowledge partner. In this article, we look at indirect taxes and their potential impact in 2027.

From IRS and IRC withholding tax to VAT. See the tax obligations for October

Every month, companies and families must fulfill a set of tax and reporting obligations to the Tax and Customs Authority (AT). EContas prepares a monthly summary so you do not get lost among the numerous responsibilities. See what the October obligations are. October month 6 SAFT: Communication of elements...

Chega wants to lower VAT on fuel. "The European Commission will not approve it"

A general VAT reduction “could eventually” go ahead, explains Luís Rosa. Regarding fuel specifically, the CNN Portugal commentator points out that Brussels “has already shown it does not allow it” and accuses Chega of ignoring that distinction.

Fuel VAT. "There is a great deal of political cynicism here, from both Chega and the PS"

Both parties know that Brussels does not allow the reduction, says Mafalda Anjos. The CNN Portugal commentator accuses both of trying to turn an “unfeasible” measure into a political banner.

Sovos acquires Blue dot to strengthen AI investment

Sovos has acquired Blue dot, a Tel Aviv-based VAT recovery platform powered by artificial intelligence (AI). With this operation, the company, which specialises in electronic invoicing and tax compliance solutions, strengthens its technological capabilities and expands its services to include VAT recovery for business expenses.

7am Finance Minister warns that it is not possible to cut VAT further

The Finance Minister states that there is no room for further reductions in Value Added Tax.

When I lowered the VAT from 23% to 13% via the ISP, Miranda Sarmento asked for the VAT to be lowered to 6%

António Mendonça Mendes, from the PS, defended himself against accusations from Hugo Carneiro, who stated that the socialists want to lower the VAT on fuel.

0% VAT would impact consumers' wallets

Nuno Figueiredo, spokesperson, warns that the Government's measures are not enough to curb the rising cost of living. He therefore insists on implementing 0% VAT on the food basket and fuels.

In fact, the Government is returning in ISP what corresponds to the VAT increase

António Costa, a commentator for CNN Portugal, states that the State is not actually profiting from the rise in fuel prices, regarding VAT and ISP.

Minister of Economy says VAT reduction is "controversial"

Manuel Castro Almeida believes that the VAT reduction carries the risk of the State being left without financial mechanisms “to help those who really need it” and doubts that it will help lower prices.

MFA Legal & Tech launches VAT and indirect tax practice and integrates Rita Simão Luis

MFA Legal & Tech has integrated Rita Simão Luis as counsel. With her arrival, the boutique formalises the creation of a practice area dedicated to Indirect Taxes, focusing on VAT, Customs Law, and Special Contributions, which will be coordinated by the new hire alongside Bárbara Miragaia. The creation of the Indirect Taxes area...

PS accuses Chega of helping the Government with fuel and argues that the VAT reduction cannot wait until January

Socialists argue that only the executive can act immediately to lower the VAT on fuel. “The Portuguese will not hold out until January,” says Brilhante Dias.

Will the cows really be fat?

The Government estimates that €700 million will be spent on consumption and that within this expenditure there will be about €115 million in VAT.

Government denies profiting from fuel price hikes and announces increased powers for ERSE

The minister assured that, since February 26, the revenue collected from the VAT increase has been used to offset the Tax on Petroleum Products (ISP), totaling 700 million euros.

Government is offsetting excess VAT revenue with fuel tax cuts: former minister explains the logic behind fuel discounts

Manuel Caldeira Cabral, former Minister of the Economy, considers the discounts applied by the Executive to be “already reasonable” while analysing the rise in fuel prices.

School meal companies must charge 13% VAT to municipalities

The meal charged to students is exempt from tax.

School meal companies must charge 13% VAT to municipalities

Companies providing meals in school canteens managed by municipalities must invoice this service at a 13% VAT rate, even though the meal charged to students is tax-exempt, the tax authority has clarified. In a binding ruling, the Tax and Customs Authority (AT) explained that while the service provided by the school or municipality to students is exempt, the private company subcontracted to provide the meals must charge the intermediate VAT rate of 13% to the municipality. Consequently, the municipality cannot deduct the VAT paid to the private provider, as it does not charge VAT when invoicing the students.