1. For the purposes of the exemption scheme, the turnover of a taxable person consists of the following amounts, net of VAT:
1 - Para efeitos do regime de isenção, o volume de negócios do sujeito passivo é constituído pelos seguintes montantes, líquidos de IVA:
a) Supplies of goods and services that would be taxed if made by a non-exempt taxable person;
a) Transmissões de bens e prestações de serviços, que seriam tributadas se efetuadas por um sujeito passivo não isento;
c) Transactions referred to in Article 9(27) to (30), except where they are ancillary transactions.
c) Operações referidas nos n.os 27 a 30 do artigo 9.º, exceto quando constituam operações acessórias.
2. Transactions in the taxable person’s tangible and intangible capital goods are not taken into account in determining the turnover referred to in the preceding paragraph.
2 - As operações sobre bens de investimento corpóreos e incorpóreos dos sujeitos passivos não são tomadas em consideração para determinar o volume de negócios a que se refere o número anterior.
The amounts included (taxable supplies, supplies exempt under Article 14, Article 15(1)(b) to (e), (8) and (10) and Article 14 of the RITI, and Article 9(27) to (30) transactions unless ancillary) and the exclusion of capital goods transactions are retained.
We register foreign-owned companies for VAT, set up invoicing, file periodic returns and recapitulative statements, and check place-of-supply and exemption positions, in English. A written answer and a fixed quote within one working day.
Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.