Indirect tax ebook - Portugal

The relevance of VAT in the general panorama of international transactions is increasing as global trade is nowadays a reality for most companies. Even at a local (national) level, VAT is increasing its weight in the total tax revenue of many countries, including Portugal. However, many economic agents look at VAT as just some other tax with the respective administrative burden and do not even think that there may be a possibility to optimize it and to manage its burden on companies.

We work with large multinational businesses to design and implement ideas which ensure compliance and efficiency around their global approach to VAT. We can assist clients in structuring of cross-border transactions to ensure that the business is operating in a compliant and VAT-efficient manner.

We work closely with other Grant Thornton member firms in other locations so our activities are effectively implemented in all the countries in which the business has a presence.

In particular, we can provide you with the following services:

• VAT advisory
• Day to day advice;
• Establishment of VAT effective structures;
• Advice on restructuring operations; 
• Discussion with official entities concerning the interpretation of tax rules;
• Assistance in obtaining official rulings from the Tax Authorities
• VAT compliance
• VAT registration procedure; 
• Preparation and filing of periodic VAT returns, attachments as well as related annual returns;
• VAT due diligences; 
• Assistance in tax inspections and/or appeal procedures.
  

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