Labor & Taxes
Changes to the VAT code and Special Consumption Taxes published in the Diário da República
Law no. 65/2026, published on 5 November, updates the VAT and Special Consumption Taxes (IEC) codes to tighten taxation, traceability, and oversight for liquid fuel resellers. The legislation applies to operators classified as registered, temporary registered, or certified recipients and reinforces the regulatory framework of the National Petroleum System.
Why it matters
While this legislation primarily targets tax compliance and fuel industry oversight to combat fraud, it reflects a shift in fiscal control that could influence the broader fuel supply chain and market transparency.Useful?
