Operation of the “IVAucher” Programme22 June, 2021
Regulatory Decree No. 2-A/2021 of 28 May, defines the scope and specific conditions of the functioning of the “IVAucher” program.
The “IVAucher” program consists in a mechanism that allows final consumers to accumulate the value corresponding to the total Value Added Tax (VAT) incurred on consumption in the accommodation, culture, and catering sectors, during a three-month period, and use it during another three months on consumption in the same sectors. The value corresponding to the VAT paid by final consumers is calculated from the amounts on the invoices sent to the Tax and Customs Authority with the purchaser’s tax identification number.
The adhesion of consumers to the program is free and independent of the regularity of their tax situation, and all VAT taxpaying merchants classified under the Portuguese Classifications of Main Economic Activities identified in the annex to this regulatory decree are covered by the program if they have compatible Point of Sale / Automatic Payment Terminals, or through a payment solution by digital key (token).
This Regulatory Decree entered into force on 29 May 2021.