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An Indirect Taxes Newsletter from Garrigues, Taxand Portugal
In its latest edition of the Indirect Taxes Newsletter, Garrigues highlights a series of important tax developments, including new guidance from the Portuguese Tax Authority on VAT measures introduced under the Housing Program. The updates cover the application of reduced VAT rates for construction and rehabilitation works, the partial VAT refund regime, the reverse charge mechanism for construction services, and rules governing invoice corrections and VAT regularisation.
The newsletter also examines legislative changes affecting the reduced VAT rate for urban rehabilitation projects, following case law developments, alongside revisions to the municipal property tax framework for wind and solar power generation facilities. Further analysis considers updates to the reverse charge regime in the construction sector and the tax authority’s efforts to standardise VAT compliance procedures.
In addition, Garrigues reviews recent tax trends and court decisions, including a ruling that deemed the requirement for an Urban Rehabilitation Area designation to access reduced VAT rates unlawful. The publication also highlights guidance from the Court of Justice of the European Union on VAT regularisation in the context of property leasing and business transfers.
Isabel Vieira dos Reis from our Portuguese member firm, Garrigues, provides a detailed analysis of the tax updates, which you can read here.
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