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.

LATEST NEWS

UK Intrastat still required after Brexit

The UK tax authorities have confirmed that English, Welsh and Scottish businesses importing goods into the UK from the EU will still be required to prepare and...

SEE MORE
LATEST NEWS

Ireland to introduce postponed accounting for import...

The Irish government have confirmed that a postponed accounting facility will be implemented for import VAT post-Brexit.  This new mechanism will allow all...

SEE MORE
LATEST NEWS

Belgium force UK companies to engage a fiscal...

The Belgium tax authorities are contacting UK traders who hold a Belgium VAT account to inform them that they have a requirement to appoint a fiscal...

SEE MORE

Gated Content

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