Portugal Gazettes Decree-Law Amending Threshold for Cash Accounting VAT Regime

The Portuguese Official Gazette March 24 published Decree-Law No. 34/2025, amending the cash accounting VAT regime. The decree-law includes a measure increasing the annual turnover threshold for the cash accounting VAT regime to 2 million euros (US$2.1 million) from 500,000 euros (US$540,325), for qualifying VAT taxpayers. The decree-law takes effect July 1. [Portugal, Official Gazette, 03/24/25]

Reference:
View Decree-Law No. 34/2025, Official Gazette No. 58/2025, Series I. View Gazette Index.