Article 19 outlines the methodology for calculating a person's total turnover to determine if they meet the Mandatory or Voluntary Tax Registration Thresholds. This calculation aggregates the value of several components. It includes the value of all taxable goods and services supplied by the person, the value of concerned goods and services they have received, and the value of taxable supplies from a business, or part of a business, that the person has acquired. Additionally, it incorporates the value of taxable supplies made by related parties, under specific circumstances defined within the Executive Regulation of the Decree-Law.
Title 4 - Tax Registration and Deregistration
Article 19 Calculating the Tax Registration Threshold
To determine whether a Person has exceeded the Mandatory Registration Threshold and the Voluntary Registration Threshold, the total of the following shall be calculated:
The value of taxable Goods and Services.
The value of Concerned Goods and Concerned Services received by the Person unless covered by Clause 1 of this Article.
The value of the whole or relevant part of Taxable Supplies that belong to a Person if he has, wholly or partly, acquired a Business from another Person who made the supplies.
The value of Taxable Supplies made by Related Parties pursuant to the cases stated in the Executive Regulation of this Decree-Law.
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