New VAT payment regime
Decree-Law 103-A/2020 of 15 December, already approved by the Government, provides for a new VAT payment scheme, which can be made in three or six instalments and will be in force in the first half of 2021.Taxable persons who may benefit from this new regime, applied to both the monthly and the quarterly regime, must provide proof of a breakdown in invoicing, communicated through the e-billing, of at least 25% in the monthly average of the calendar year 2020, compared to the same period of the previous year. This breach must be certified by the certified accountant, or when this does not exist, by a declaration of honour from the taxpayer.
For taxpayers included in the monthly scheme, this applies to those who obtained a turnover of up to EUR 2 million in 2019 or who commenced or restarted business as from 1 January 2020.
VAT can thus be paid in three or six monthly instalments of an amount equal to or greater than EUR 25, without interest or a guarantee.
Finally, requests for payment in instalments must be submitted electronically via the Tax authorities.