Portugal VAT Guide: Rates and Registration Info
Published by Corpy
https://corpy.xyz/portugal/corporate-tax/portugal-vat-iva-guide
Corpy business-formation guide, fact-checked and corrected.
Who created and checked this page
Correction
Correction history
Every accepted correction to this page is recorded with the exact change, so readers can see how the page improved over time.
-
Before
Sole traders and freelancers with annual turnover below EUR 14,500 may opt for the VAT exemption regime under Article 53 of the IVA Code. The threshold is monitored annually. If turnover exceeds EUR 12,500 in any calendar year, the taxpayer must register for the normal VAT regime from January 1 of the following year, with a transitional buffer for businesses with turnover between EUR 12,501 and EUR 15,000.
AfterSole traders and freelancers with annual turnover below EUR 15,000 may opt for the VAT exemption regime under Article 53 of the IVA Code. The threshold is monitored annually. If turnover exceeds EUR 15,000 in any calendar year, the taxpayer must register for the normal VAT regime from January 1 of the following year. A transitional buffer allows businesses with turnover between EUR 15,001 and EUR 18,750 to remain exempt through the rest of that year.
Why: The article used a stale, internally-split EUR 12,500/14,500 small-business VAT exemption threshold instead of the current unified EUR 15,000 threshold, which was fixed across multiple instances including the transitional buffer figures.
View the full record →