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VAT – Quick fixes transposed to the internal legislation

VAT: Quick fixes transposed to the internal legislation

The quick fixes now approved have retroactive effects to 1 January 2020.

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Law no. 49/2020, of 24 August, introducing the EU VAT quick fixes applicable to intra-EU supplies of goods into the internal legislation has been published in the Official Gazette.

There are three the quick fixes now approved – with retroactive effects to 1 January 2020 –, transposing Council Directive 2018/1910, of 4 December, specifically:

  1. the simplification measure applicable to call of stock arrangements;
  2. the rules applicable for the determination of the intra-EU transport in chain transactions;
  3. the inclusion of the VAT identification number of the person acquiring the goods in the VIES system as a substantive condition for the application of the VAT exemption in intra-EU supplies of goods.

Please note that the fourth quick fix – related to the uniformization of the rules applicable to the proof of transport in intra-EU supplies of goods – was already in force since 1 January 2020, as it has been approved by Council Implementing Regulation 2018/1912, of 4 December. 

Due to the retroactive effect of the measures now approved, taxpayers may submit/replace “EC sales list” returns which should have been presented/replaced in line with said legislation until 31 December 2020.

© 2020 KPMG PORTUGAL – S.G.P.S., S.A., a Portuguese company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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