31 October 2022
The Portuguese tax authorities have confirmed that from 1 January 2023, non-resident businesses VAT registered in the country will be required to:
- Produce invoices via certified invoicing software that can allocate a unique ATCUD code – This is a unique eight-digit code that is allocated by the Portuguese tax authorities prior to them being issued.
- Include a QR code on their paper or PDF invoices – This is a unique two-dimensional bar code.
- Report invoices monthly via a SAF-T Billing file – This contains full details of the invoice and will either have to be submitted manually via an interface or a webservice, or automatically via the electronic invoicing software provider.
It’s hoped that the introduction of these requirements on non-resident companies will help to monitor VAT invoices and prevent fraud.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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