Who pays the higher VAT?

Who pays the higher VAT?

At a glance: Construction projects for which the acceptance will take place until the end of 2020 can still be billed at the reduced VAT rate of 16 percent. If the acceptance can only take place after the VAT increase due to delays in construction, although completion was planned for 2020, 19 percent VAT will … Read more

VAT numbers and electronic invoice, the 5 reasons for refusal by the Public Administration

VAT numbers and electronic invoice, the 5 reasons for refusal by the Public Administration

In some specific cases, the Public Administration may refuse electronic invoices sent by self-employed persons, VAT numbers and professionals. It has now been published in the Official Gazette on decree of the Ministry of Economy and Finance on the refusal of electronic invoices (who all the news starting from 1 October 2020) by the PA, … Read more

State to return 200 million euros of VAT to consumers | Covid-19

State to return 200 million euros of VAT to consumers |  Covid-19

The Government plans to set aside a sum of 200 million euros to return VAT to consumers in the sectors of catering, hotels and culture, the PUBLIC learned. The tax refund program will be part of the State Budget for 2021 and was presented by the Prime Minister, António Costa, to the parties and publicly … Read more

VAT numbers in revolt, Covid disaster and taxes to pay: all the data and deadlines

VAT numbers in revolt, Covid disaster and taxes to pay: all the data and deadlines

A rather bleak picture what emerges from the second quarter of 2020 published by the Ministry of Economy and Finance. VAT numbers, the post-Covid data for April-June 2020 From April to June, 94,932 new VAT numbers were opened and, compared to the corresponding period of last year, there is a decrease of 30.7%, an evident … Read more