1 September 2020
From January 2021, the Portuguese tax office has confirmed that specific serial numbers issued by them will need to be shown on all taxpayers’ sales invoices, including VAT registered non-resident businesses.
To obtain a serial number, taxpayers will need to notify the tax office in advance of issuing sales invoices by providing them with certain information relating to the invoice itself (this includes the invoice number, description of the goods, and date of issue). The tax office will then verify this information and provide the registered business with an eight-digit validation code that will need to be shown on the invoice before it is sent to the customer.
This measure is being introduced to verify that VAT treatment on transactions in the country are correct, and to make sure that VAT is charged and remitted to the tax office correctly.
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.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
The new EU VAT e-commerce package – Implications for...
From 1 July 2021, low-value consignments of €22 or less imported into the European Union (EU) will no longer be exempt from import VAT. Instead, VAT will be...
SEE MORE
LATEST NEWS
The new EU VAT e-commerce package – Implications for...
From 1 July 2021, the European Union’s (EU) e-commerce reform will be introduced, which will include the withdrawal of the current VAT distance selling...
SEE MORE
LATEST NEWS
Separate EORI number for Northern Ireland required
HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...
SEE MORE