people partying with confetti

Portugal changes VAT deduction rules for conference organisers and cuts VAT rates on certain goods

May 10, 2023 in Ecommerce Tips

Portugal changes VAT deduction rules for conference organisers and cuts VAT rates on certain goods

A new refund regime for conference and event organisers was introduced in Portugal to allow the deduction of 100% of hospitality expenses. This new regime applies to companies registered in Portugal under the NACE number 82300, which stands for ‘organisation of fair, congress and similar.’. Usually, event and conference organisers are only able to deduct up to 50% of hospitality expenses but this regime will allow such companies to deduct an extra 50%.

Additionally, Portugal also recently some VAT rate changes to certain goods. As such, the VAT rate applicable to bicycles was reduced from 23% to 6%. Lastly, temporary zero VAT rate will apply to a list of essential food products until 31st October 2023.

Recent posts

A woman attending a virtual event on her laptop
May 15, 2024
New EU Rules for VAT on Virtual Events
Read More
man shopping on mobile phone in front of shop window display with "black friday sale"
September 21, 2023
5 Things to Consider When Shipping Into The EU
Read More

Not sure where to begin?

Schedule a call with one of our VAT experts today