COVID-19: New postponement in the fulfillment of VAT obligations in Portugal
Tax Alert Portugal
The Portuguese Government has approved new extensions of the tax deadlines to comply with VAT obligations, by Order no. 229/2020-XXII, of 24 June, that can may be fulfilled without the application of any penalties:
February, March and first quarter of 2020 (1Q/2020) VAT periodic returns, and corresponding payment or adjustment, when submitted with no support documentation, can be replaced by December 20 (this deadline ended before on 31 July). We recall that this procedure can only be adopted by the taxpayers obtaining a turnover up to EUR 10,000,000 in 2019 or when they started (or restarted, without obtaining any turnover in 2019) the activity on or after 1 January 2020;
Extension of the deadline to submit the VAT returns of May and June from 10 to 17 July and from 10 to 17 August, respectively, and the 2nd quarterly VAT return for the second quarter of 2020 (2Q/2020) from 15 to 22 August. The VAT may be paid until the 25th of each month.