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  • VAT Withholding - Portugal (FINA085A - SIGAFIN)

Value Added Tax

Value Added Tax (VAT) established in Portugal, levies on the expense or consumption and taxes the value added of the transactions information effected by the taxpayer.

VAT withholding is proportional to payment write-off.



Example

Stage 1:

Bill write-off with original value of $ 1,210.00, being $ 1,000.00 as base value and $ 210.00 equivalent to VAT.

Stage 2:

Write-off per payment in the amount of $ 605.00 must generate payment per $ 500.00 and a withholding of $ 105.00 (VAT proportional to write-off).