volume de negócios
Published 8 November 2026, 22:44
volume de negócios (annual turnover)
The total a person or company has invoiced over a calendar year, before deducting expenses. It is this, not profit, that determines whether you qualify for the VAT exemption: the threshold is €15,000 for the previous year, and for those just starting out, their own estimate of turnover for the current year is used.
Where you come across it. Opening an atividade, choosing a VAT regime, talking to an accountant about the threshold.
Not to be confused with income: expenses and contributions are not deducted; everything invoiced counts.