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Portugal extends VAT settlement

  • Feb 13, 2019 | Richard Asquith

Portugal extends VAT settlement

Portugal is proposing to allow VAT registered businesses an additional five days to settle their VAT liabilities.

Currently, VAT returns are due by the 10thof the second month after the end of the reporting month or quarter. So up to 41 days following the reporting period end. This will remain in place, but the payment deadline of any VAT liabilities will move to the 15thof the second month.

Most businesses are on quarterly filing – only businesses with a turnover below €650,000 per annum may file quarterly.

Need help with your Portuguese VAT compliance?

Researching Portuguese VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.