Supplies Of Goods Received By Portuguese Businesses From EU Businesses (Portugal)

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Commentary

39 Portugal

General (Portugal)

In Portugal all businesses must be registered for VAT purposes. As the Portuguese business is registered for VAT, EU suppliers should not charge VAT and the Portuguese business should account for Portuguese VAT on the value of the goods received. This VAT, known as 'acquisition VAT', is recoverable by the business but is subject to the normal restrictions such as partial exemption.

The receipt of an intra-EU supply of goods is reported

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