VAT – Import of goods
Ordinance no. 215/2017, of 20 July, was officially published, which regulates the procedure and deadline to exercise the option foreseen in article 27 (8) of the Portuguese VAT Code, for the payment of the VAT due on the import of goods through the corresponding periodic return.
a) Subject to the monthly regime;
b) With their tax situation regularized;
c) Practicing, exclusively, transactions subject and not exempt or exempt with the right to deduction, without prejudice of performing real estate or financial transactions of a merely accessory character;
d) Not benefiting from the deferral on the payment of the VAT corresponding to previous imports on the date the option takes effect.