Taxable persons that carry out exempt transactions without the right of deduction and at the same time pursue a taxed activity or an exempt activity with the right of deduction shall calculate their turnover, for the purposes of Articles 42 and 53, taking into account only the results of the activity with the right of deduction.
Os sujeitos passivos que pratiquem operações isentas, sem direito à dedução, e desenvolvam simultaneamente uma atividade tributada ou isenta com direito à dedução, calculam o seu volume de negócios, para efeitos do disposto nos artigos 42.º e 53.º, tomando em conta apenas os resultados relativos à atividade com direito à dedução.
Turnover for Articles 42 and 53 counts only the activity with the right of deduction.
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.