Portugal VAT changes

Portugal is proposing a range of VAT changes to the VAT Law, Codigo do Imposto sober o Valor Acrecentado.

• Simplifications to the low-value invoice disclosure requirements.  The simplifications are available for invoices below the value of €1,000
• VAT on bread will be cut to the reduced rate of 6%
• The VAT rate on restaurants and café services will be cut from the standard rate of 23% to the reduced rate of 13%
• Reduced requirements for VAT registrations

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