Indirect tax ebook - Portugal

Time of supply rules

VAT is accounted for at the following times:

Goods and services
At the earlier of:

• Payment received; or, 
• Delivery of goods / service performed.
  

Invoices must be issued within five working days of delivery or performance.

Continuous services
Where services are performed over a period and payment is made in installments, tax is accounted for at the date of payment received.

• Introduction
• Scope
• Registration
• Tax rates
• Reporting & filing
• General tax application/Time of supply
• Other local requirements