The VAT refund process in Portugal allows businesses to recover excess deductible VAT. This article outlines the minimum refund amounts, applicable timeframes under Article 22 of the Portuguese VAT Code (CIVA), and the importance of professional fiscal assistance to ensure compliance and financial optimisation.
Corporate income tax – CIT (IRC) will fall to 19 %, and a VAT group regime is introduced — impacts, challenges, and opportunities for businesses from 2026 onward.
Value Added Tax (VAT) in Portugal: concept, operation, obligations, special schemes, and useful tips.
Lawyer, solicitor and expert fees in property sales are deductible only if they are “necessary and inherent” to the transaction.
This article analyses the tax framework of real estate capital gains under Portuguese Personal Income Tax (IRS), the legal exemptions in force, and whether there is any specific treatment for taxpayers with a permanent disability equal to or greater than 60%.
This article explains the VAT reverse charge mechanism applicable to construction services in Portugal. It analyses when it applies, the conditions under which the buyer must “self-assess” the tax, and the practical consequences for both service providers and acquirers of construction services.
Portugal’s Wage Valorisation Incentive, under Article 19-B of the Tax Benefits Code, is designed to promote sustainable wage growth through tax relief. Yet, the 2025 amendments introduce new challenges that demand precise planning from businesses.
The deadline for settling the Additional Municipal Property Tax (AIMI) began in September and runs until the end of the month. This tax applies only to properties with a high Taxable Property Value (VPT), with differentiated rates depending on the VPT amount and the taxpayer’s status.
Ordinance No. 289/2025/1, dated 1 September, updates the instructions for the Monthly Remuneration Declaration (DMR), effective from 1 January 2025. These revisions reflect changes to the Young IRS regime and the taxation of bonuses, profit-sharing, and balance gratifications.
SAP is one of the most widely used management software solutions globally. However, when implemented by Portuguese companies, it presents specific challenges for external accountants. This article explores the role of certified accountants in SAP-based accounting, operational difficulties, and the added value they bring to companies.
The Government recently announced the implementation of new IRS withholding tables, which promise to bring significant changes to Portuguese taxpayers.
1. Introduction to the New Regulatory Framework
The Directive CSRD (Corporate Sustainability Reporting Directive) requires European companies, including some SMEs that are part of supply chains or have access to international markets, to present integrated reports based on the ESRS standards. These standards are equivalent to IFRS S1 (sustainability-related disclosures) and IFRS S2 (climate-related disclosures). The standards will come into force in stages from 2025–2026 for larger companies, gradually extending to smaller entities.
With the entry into force of the new Special VAT Exemption Scheme (REI), amended by Decree-Law no. 35/2025, taxpayers under this regime must closely monitor their turnover. If they exceed €15,000 in the previous calendar year, they will be mandatorily subject to the normal VAT regime from 1 January of the following year..
In Portugal, VAT-registered businesses are required to comply with strict invoicing rules, including the mandatory use of invoicing software certified by the Portuguese Tax and Customs Authority (AT). This article outlines the legal framework, purpose of the requirement, and consequences of non-compliance.
When shareholders need to strengthen a company’s financial position, they typically consider shareholder loans or supplementary contributions. This article explains the key differences between these two methods and highlights the advantages of supplementary contributions under Portuguese law.
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