The State Budget (OE) for 2017 sets out a number of changes to the Portuguese tax system in the area of Consumption and Income Taxes, with repercussions on the daily lives of individuals and companies. These changes will have an impact on several areas of business management, particularly accounting operations, human resources management processes and compliance with reporting obligations. The main changes for next year include: Changes to VAT in import processes, the reporting of invoice details, the revision of List II of the VAT Code and the VAT refund to the Security Forces and Services, social solidarity institutions (IPSS) and the Santa Casa da Misericórdia de Lisboa.   Regarding Special Consumption Taxes (IEC), it is worth highlighting the planned change to the tax on alcohol, alcoholic beverages and b...
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Openlimits

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