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country-icon Portugal

01.20.23

Revisions to Portuguese tax code

The turn of 2023 is a busy one for Portugal in fiscal-related matters, as it also has made significant revisions to its tax code.     As a summary, these changes include:    
  • An increase in the VAT exemption limit, from 12,500 Euros to 13,500 Euros in 2023  
  • An extension in the deadline for submitting tax returns, which includes an extension to 20 September for the filing of the second quarter VAT returns  
  • A reduction in the VAT rate for vegetable-based drinks and butter, to 6%  
  • A reduction on the VAT rate on biomass equipment, with specific equipment now taxed at 6%.    
Tungsten supports all valid VAT rates as part of our e-invoicing solution in Portugal and these are available on our portal for selection.    

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