VAT: The Three Letters That Will Stop Scaring You in 5 Minutes
VAT seems complicated until you understand how it works. If you invoice under €15,000 a year, you don't charge VAT at all. If you invoice more, you're just the middleman.
Everything you need to know about invoicing, VAT and Social Security in Portugal.
Where to find the form, what each field means, where the numbers come from. Your first periodic VAT declaration on the Finance Portal takes 20 minutes.
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VAT seems complicated until you understand how it works. If you invoice under €15,000 a year, you don't charge VAT at all. If you invoice more, you're just the middleman.
The VAT you charge clients is never yours. Understand how the VAT chain works, the quarterly declaration deadlines, and what happens when you cross the €15,000 threshold.
German company, Brazilian individual, American startup — for each case: whether to charge VAT, what to write on the invoice, and whether you can invoice in euros or another currency.