UPDATE: Portugal delays the introduction of live VAT invoice reporting until 1 January 2020

1 August 2019

The Portuguese government have again delayed the introduction of the new mandatory real time invoice reporting regime for VAT registered companies that sell to government bodies, until 1 January 2020.

Originally, this was planned to be introduced in January 2019 and will require businesses, making these types of supplies, to send their invoices to the tax authorities for checking at the same time as they are issued to their customer.

Once implemented this new invoice-reporting regime should prevent common errors on these types of invoices and prevent VAT fraud in the country. If successful, it could be extended to all business-to-business (B2B) taxpayer transactions in the future.


Find out more about VAT in Portugal
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

Fiji VAT on e-services provided by remote sellers

Fiji is proposing to extend its Value-Added Tax (VAT) regime to apply to the sales of electronic services supplied by non-resident (foreign) companies to...

SEE MORE
LATEST NEWS

Chile imposes VAT on foreign electronic services

From 1 May 2020, Chile will extend its Value-Added Tax (VAT) system to cover digital services supplied by non-resident (foreign) companies to consumers in the...

SEE MORE

Gated Content

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