Law no. 63-A/2015, of 30 June – new VAT rates for the Autonomous Region of the Azores …
1. Law no. 63-A/2015, of 30 June – new VAT rates for the Autonomous Region of the Azores
Approves new VAT rates for the Azores Region, applicable as from 1st of July 2015. The new VAT rates are:
- Intermediate rate – 9%;
- Reduced rate – 4%.
- The standard VAT rate will remain at 18%.
1.1. Order no. 119/2015–XIX, of the Secretary of State for Fiscal Affairs, of 30 June – transitional period for adaptation of the invoicing software to the new VAT rates approved in Azores
Determines a transitional period for the adaptation of software systems to the new VAT rates until 7 July 2015 (inclusive).
1.2. Ruling no. 30171/2015, of 30 June 2015
Intends to clarify the chargeable events in light of the entry into force of the new VAT rates.
2. Decree no. 172/2015, of 5 June – Bad debt relief
Approves the form of the authorization request to proceed with “bad debt relief” adjustments of credits that became due after 1 January 2013 and have been outstanding for more than 24 months.
Conceição Gamito, Catarina Belim, Joana Branco Pires
Vieira de Almeida & Associados