Turnover is everything you invoiced, net of VAT, in a calendar year (article 52.º-A of the Portuguese VAT code). It counts what you invoiced, not what you were paid. If you started trading this year, enter the estimate for the calendar year without converting it to a full-year equivalent: that conversion was repealed in 2025.

With €10,000.00 invoiced, you are at 66.67% of the threshold. As long as last year stayed at €15,000.00 or below and this year does not pass €18,750.00, the exemption holds.

The article 53.º special exemption of the Portuguese VAT code, for taxable persons with their seat or domicile in Portugal. Not computed: the cross-border regime of paragraph 2 for businesses established in another Member State, with its €100,000 EU-wide turnover ceiling and its ‘EX’ identification number; the single taxable operation and intra-EU supplies of new means of transport, which paragraph 6 excludes; the conditions of paragraph 1 other than exports; and the VAT you would then charge, which is the VAT calculator.

Informative estimate based on the Portuguese VAT code. It is not tax or financial advice.