IVA 1.0.0.0

IVA is a value-added tax (VAT) implemented in Portugal by the tax authority, e-financas.gov.pt. It is a consumption tax that is charged on most goods and services sold within the country.

The IVA tax rate in Portugal varies depending on the type of product or service being sold. Currently, there are three rates: 6%, 13%, and 23%. The 6% rate is typically applied to essential goods such as groceries, medicines, and energy. The 13% rate applies to some services such as restaurant meals and cultural events. The standard rate of 23% applies to most other goods and services.

Entities that sell products or services in Portugal are required to register for VAT with e-financas.gov.pt. Once registered, they must charge the appropriate IVA rate on their sales and pay this amount to the tax authority. They can also reclaim any IVA tax that they have paid on their business expenses.

IVA is an important source of revenue for the Portuguese government that helps fund public services and infrastructure projects. Understanding how it works is crucial for businesses operating in the country.