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IVAucher: VAT is gone, but it's back!

September 28, 2021

IVAucher: VAT is gone, but it's back!

Around 50% of the value of VAT spent in the catering, accommodation and culture sectors between June and September will now be possible to recover in participating establishments. 

RESTORATION | ACCOMMODATION | CULTURE

Last summer, the Portuguese Government launched an incentive program for the catering, accommodation and culture sectors, which allows taxpayers to accumulate the amount of VAT paid and then be able to enjoy a refund of up to 50% of the invoice value.

Between October 1st and December 31st, you will be able to use the VAT amount paid and accumulated in establishments that have joined the IVAucher.

How it works?

  1. A payment of 100% of the invoice is made at an establishment that has joined the IVAucher
  2. If you pay with a card from one of the participating banks, you can get up to 50% of the invoice value back
  3. You will receive the refund within 2 days of payment to the account associated with the card

Divided into 3 phases, accumulation, calculation and use, and with the accumulation phase completed and the calculation phase in the final stretch, you can start doing the math and thinking about where you will use the money that will return to your wallet!

I am a consumer and I want to enjoy the balance that I have accumulated, what should I do?

If you are a consumer and want to see the amount of VAT you have accumulated back, you must associate your bank card with your NIF. This process can be done through the IVAucher portal or app , or at Pagaqui points of sale, which allow the reading of the bank card and the citizen's card.

When and where can I recover the VAT amount?

The use phase will take place in the months of October, November and December, where consumers will pay 100% of the invoice amount, but will be able to recover 50% of it, if they enjoy services in establishments that have joined the program. The places where you can use the accumulated balance must be marked with the IVAucher seal affixed to the door or another place visible to customers.

I'm a trader and I want to join!

I'm a trader and I want to join!

If you are the owner of an establishment in the catering sector, accommodation or manages a cultural space, find out if you can join the program if your activity appears on the main list of Portuguese Classification of Economic Activities covered by IVAucher. The list is available here.

The objective of the program is to stimulate the economy in the sectors most affected by the Covid-19 pandemic. Joining IVAucher is free and can be done until the 28th of December and the refund is valid for card payments from partner banks. You can join or learn more at https://www.ivaucher.pt/

Want to know how to optimize your invoicing system? Samsys has a team of specialized consultants, ready to guarantee the best solution for your business. Talk to us!

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IVAucher: VAT is gone, but it's back!

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