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 approves draft law for near-real-time...
July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...
SEE MORE
LATEST NEWS
Luxembourg proposes the introduction of electronic...
This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...
SEE MORE
LATEST NEWS
Germany's action plan signals move toward...
Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...
SEE MORE