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.
LATEST NEWS
Belgium to cut e-book VAT rate from 1 January 2022
From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...
SEE MORE
LATEST NEWS
Ukraine to apply VAT on digital services from January...
From 1 January 2022, Ukraine will impose VAT at 20% on the sale of e-services to local consumers by non-resident businesses. At present, non-resident...
SEE MORE
LATEST NEWS
Does a UK e-commerce business need an IOSS...
From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...
SEE MORE