From the 1 of July 2016 VAT on restaurant services will be charged at 13% the intermediary rate. Previously the rate was 23%.
The reduction in the rate of VAT applies to food and beveridges consumed in the restaurant. Food and beveridges which are to be consumed outside the establishment would be subject to VAT at the rate which applies to the respective item.
For example if a client purchased milk and a pastry to be consumed at home the VAT charged would be 6 percent for the milk and 23 percent for the pastry as if they were purchasing the same items in a supermarket.
Equally the consumption of soft drinks including sparkling water,fruit juice and alcoholic drinks remains subject to VAT at 23 perecent even if it is consumed as part of a meal.
Do you need help with your accounts? Contact us for a meeting
Telephone (Lisbon): +351 213 190 090
Telephone (Algarve): +351 289 369 194
Office: Av 5 de Outubro 72 4th Floor, Lisboa
E-mail: admin @ hkconsulting.pt
E-mail (Algarve): algarve @ hkconsulting.pt
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HK Consulting has been assisting international investors, Portuguese and foreign individuals, and comapnies with their tax, accounting, annd regulatory requirements in Portugal for over 45 years, through its offices in Lisbon and the Algarve.
HK Consulting has English speaking accountants both in Lisbon and the Algarve. In addition our comapny has Spanish, French and German speaking accountants in Portugal.
HK Consulting provides services to three main types of customers: Individual Clients (To whom we can offer assistance with Non Habitual Residence Applications, Income tax returns, Property tax, Inheritance tax & Golden Permit programme). To established Companies (both portuguese and multinationals), we can support with Payroll Services, Audit & Due dilligence, Investment Subsidy Applications, Tax and VAT representation, Non Habitual Residence Status and more). Business Startups are our third area of focus and we can support feasibility studies, business plans and financial forecasts. We can provide advice on coporate structures and company formation and a registered office address.
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