Portugal Tax Agency Posts Circular Clarifying Tax Simplification Measures for Periodic VAT Returns

The Portuguese Tax and Customs Authority May 19 posted Circular No. 25069, clarifying the tax simplification measures on periodic VAT returns under Decree-Law No. 49/2025, which entered into force July 1. The circular clarifies that: 1) quarterly VAT filers who opted for the monthly filing regime are no longer required to remain monthly filers for at least three years; 2) the Tax Agency will no longer initiate changes in filing frequency, with exceptions; 3) VAT payers with actual turnover of 650,000 euros (US$732,773) or more in 2025 must continue under the monthly filing regime in 2026, and can’t elect to ...