VAT Registration and Recovery

TThe VAT registration is compulsory for non-residents companies without permanent establishment in the EU. As a result these companies will have to appoint a VAT/fiscal representative who will represent them before the tax authorities. Even companies already with a permanent establishment in the EU may be an advantage to appoint a fiscal representative as they will have an entity responsible for their tax affairs and ensuring tax compliance in Portugal.

International companies pay VAT in the EU. This VAT is not always claimed back from the local tax authorities as many companies are not aware that they are entitled to do so. Legal provisions pertaining to VAT refunds also tend to be complicated and vary per EU member state, thus creating an additional burden.

Depending on the country, you can claim VAT pay-backs on:

  • Road transport and vehicle fuel
  • Exhibitions and trade fairs/li>
  • Conferences and training
  • Machinery, equipment and other goods

TMPARTNERS can assist companies with:

  • Filing VAT returns, Sales Listings and Intrastat returns
  • Realizing VAT refunds/recovery
  • Complying with invoice requirements
  • Optimizing import and (distance) sales transactions
  • Setting up fiscal representation in other EU member states