This year’s report of the “Study and Reports on the VAT Gap in the EU-28 Member States” revealed that in 2019 there was a loss of €134 billion in Value-Added Tax (VAT) revenues across EU countries. Though still extremely high, the ‘VAT Gap’ – the difference between expected revenues and the revenues actually collected –…
This year’s report of the “Study and Reports on the VAT Gap in the EU-28 Member States” revealed that in 2018 there was a loss of €140 billion in Value-Added Tax (VAT) revenues across EU countries. The VAT Gap is the difference between the expected VAT revenue and the amount collected. So, in 2018 the…
The 2019 Report of the “Study and Reports on the VAT Gap in the EU-28 Member States” revealed that EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017. The VAT Gap decreased in comparison to previous years, however, it still remains very high. Based on the last VAT Report available, the VAT…
Portugal entered 481 million euro less than it owed in the 2017 VAT collection. For the first time in years, the value appears below the barrier of 500 million euros. The loss, of 2.8%, is the lowest value of the last years, according to the report provided by the National Statistic Institute of Portugal (INE)…
The 2018 Report of the “Study and Reports on the VAT GAP in the EU-28 Member States” revealed that in 2016 there was a loss of 12.3% of the expected VAT revenue across the EU. This Report contains updated estimates for 2012-2016 and is a conclusion of the five reports previously published by the European…
A new version of the Portuguese SAF-T is in place since July 1st, 2017. This version is the fourth iteration of the file, since it was first introduced in the country, in 2007. It was approved by the Ordinance No. 302/2016, issued on December 2nd. The new Portuguese SAF-T version introduces two changes that affect…