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Tax burden in Portugal up in 2017Despite an increase of three tenths, Portuguese taxation remained below the European average last year. In Portugal, the weight of taxes reached 40.2% of GDP and in the Euro Zone...Read more
Stamp Duty due on annual rent increasesIf you are a landlord and, during the term of a lease, increase your tenant's rent by the amount of inflation (the maximum allowed by law), you must inform Finanças...Read more
Portugal elected again “best holiday destination in the world”For the second consecutive year, Portugal has been recognised as the top tourist destination by the World Travel Awards. At the same time, the Conrad was voted the best luxury...Read more
Paper invoices to end in 2019Beginning in January, paper invoices will start to be phased out with transactions transmitted in real time directly to the “AT” (Tax Authority). Consumers will only receive a hard copy...Read more
Renting rooms may imply losing “IMT” discountThe Tax Authority can now claw back “IMT” tax breaks when owners engage in Local Lodging or letting rooms to students. If you bought your home as your “personal and...Read more
Sole Traders to have new basis for Social Security contributions in 2019The rules governing Social Security contributions for self-employed workers are changing in January. Graduated income tax brackets will no longer be the reference point. Payments will be based on 70%...Read more
Social Security deductions unchanged until 2019Freelancers will keep their current level of Social Security deductions until the end of 2018. In the past, October has served as the basis for updating sole traders’ contributions for...Read more
The "Dark Side" of Golden VisasThe Global Anti-Corruption Consortium recently presented a report revealing important data on the obscure world of Golden Visas. Four EU countries sell citizenship, twelve offer permanent residency permits. Golden Visas...Read more
Sole traders: Via CTT remains mandatory, but no finesAfter catching tens of thousands of freelancers in June who failed to adhere to CTT electronic notices, Finanças plans to eliminate the penalties. Those not on the system will now...Read more

Following the automatic IRS, the “AT” advances to automate VAT in three phases.

The Tax and Customs Authority has taken the first step in automating the VAT declaration, making available pre-filling of certain amounts in the fields related to "transfers of goods and services" with tax paid and those corresponding to "Tax in favour of the State".

To this purpose, pre-filling uses the data from invoices and receipts issued via the “AT” website. As with automatic IRS, taxpayers can change pre-filled fields if they detect any inaccuracies or mistakes. This is the first phase of a project that will expand in 2019.

The Ministry of Finance also revealed that throughout this coming year, the project will take another step, being extended to other taxable persons, not only those who have issued invoices or invoices-receipts, including the e-Invoice system data.

There will also be an extension of pre-filled fields to deductible VAT. A third phase is planned, which is under study, that aims at automating procedures.

Minister Mário Centeno pointed out that the “AT” will use all the information it has about each taxpayer to pre-fill their VAT declaration and thereby save taxpayers time and effort to check the invoices issued and the costs incurred and their deductions. He also announced a review of the e-Taxfree system, which was initiated a year ago. This new system allows foreign nationals from outside the European Union to validate invoices made in Portugal and request a VAT refund without wasting time in queues.