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.

Information about Portugal:

This information has been provided by Grant Thornton Portugal, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Portugal nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer

Contact us

For further information on indirect taxes in Portugal please contact Joaquim Luís Mendes

Select a Country

Grant Thornton International is a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. References to "Grant Thornton" are to the brand under which the Grant Thornton member firms operate and refer to one or more member firms, as the context requires. Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered independently by the member firms, which are not responsible for the services or activities of one another. Grant Thornton International does not provide services to clients.