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Portugal Provides VAT Payment Flexibility for Final Period of 2020

|Approved Changes|Portugal
Portugal

Portugal's Assistance State Secretary for Tax Affairs has issued Order No. 52/2021-XXII, which provides flexible VAT payment terms for the last monthly or quarterly VAT period of 2020 considering the effects of the COVID-19 pandemic. This includes that eligible taxpayers may pay the VAT due for the period in three or six monthly installments, interest-free, with each installment equal to at least EUR 25.00. Eligible taxpayers include micro, small and medium-sized companies, taxpayers whose m…

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