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VAT payment in Portugal

By September 27, 2019July 10th, 2021No Comments

The deadlines for VAT payments in Portugal will be extended by 5 days as of 1 October 2019. Deadlines for submission of the returns will remain the same.

The deadlines for VAT payments in Portugal will be extended by 5 days as of 1 October 2019. Deadlines for submission of the returns will remain the same.

We wish to inform you that due to the entry into force of new legal deadlines respecting VAT payments – through Law 119/2019, September 18th – in the upcoming October 1st, the previous existing deadlines for VAT payments are increased by five days. Nonetheless, the deadlines for lodging periodical VAT returns stay the same.

The implications of these extensions are the following:

(i) taxpayers with monthly reports now have up to the 15th – instead of the 10th – of the 2nd month following the month to which the transactions relate, to pay the VAT, and

(ii) taxpayers with quarterly returns now have up to the 20th – instead of the 15th – of the 2nd month following the quarter to which the transactions relate, to pay the VAT.

 

The above information was kindly provided by Belim (Portugal). If you have any questions or need any clarifications, please contact: communications@belim.pt.