Portugal Indirect Taxes Newsletter – N.º 5
Portugal -
This edition highlights the tax relief measures approved under the Housing Package aimed at addressing housing prices in Portugal, as well as the entry into force of the "Volta" System regarding the deposit and refund of beverage packaging. In addition, we also highlight the Court of Justice of the European Union (CJEU)’s most recent rulings on the exercise of the right to deduct VAT, as well as the VAT treatment applicable to loyalty programs and intra-group transfer pricing adjustments.
News
- Housing package: tax incentives for the sale and rental of residential properties have been approved
- The Volta system for the recycling of beverage packaging has come into force
Trends
- The Constitutional Court confirms its understanding on the reduced VAT rate in urban rehabilitation
- The CJEU clarifies that the delay in receiving an invoice cannot prevent the immediate deduction of VAT
- The CJEU clarifies the VAT treatment of loyalty programs
- The CJEU once again rules on the VAT regime applicable to intra-group transfer pricing adjustments
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