Portugal live VAT invoice reporting 2019

2 October 2018

From 1 January 2019, Portugal will introduce a new mandatory real-time invoice reporting regime that will apply to all VAT registered companies who sell to government bodies.

This new regime will require businesses making these types of supplies, to send the invoices to the tax authorities for checking at the same time as they are issued to their customer.

It is hoped that this new invoice-reporting regime will prevent common errors on these types of invoices and also prevent VAT fraud in the country. If successful, it will then likely be extended to all business-to-business (B2B) taxpayer transactions in the future.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UK cuts hospitality and tourism VAT to 5% until...

From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of...

SEE MORE
LATEST NEWS

Canada extends the sales tax return submission...

The Province of Manitoba has extended the sales tax return submission deadlines to 20 October 2020 for small and medium sized businesses. This covers all...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.