Portugal to Allow Payment of VAT Using Periodic Tax Return

August 1, 2017 Ramon Frias

The tax administration of Portugal has issued a new regulation (Portaria 221/2017) that will allow taxpayers to pay the VAT due on imports using Portugal's periodic VAT return. The new measure is expected to enter into effect in two stages: September 1, 2017 for most goods contained in Annex C of the VAT Code (except mineral oils) and March 1, 2018 for the rest of the imported goods. For that purpose, two new fields (40 and 41) have been added to annex R of the periodic return.

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