VATupdate

Share this post on

Portugal QR code and ATCUD for electronic invoices

Portuguese Government has postponed the mandatory ATCUD code ( or Validation-Sequential number code) on invoices including electronic XML invoices to 1 January 2022.

QR code regulation starts from 1 January 2021. All the invoices issued from that date must contain a two dimensional bar code (QR Code). This code will include almost all the invoice information that must be reported. Electronic invoicing to public entities mandation (b2g e-invoicing) will be paralel to this regulation. It is important that QR code must appear on all the invoices issued for public procurement. Taxpayers’ ERP/accounting systems must be technically ready for all of these changes in 5 weeks.

SOURCE: SNI

Ege Akbas

Ege Akbas is a Tax Technology Specialist at SNI. He was formerly a researcher of digital technologies and trade in services at WTO, and a contributor to 2019 World Trade Report. Currently, Ege is on a mission to uncover complex rules and procedures of digital transformation of tax. SNI provides global solutions for electronic invoicing and digital VAT reporting.

Sponsors:

VAT news

Advertisements:

  • VATupdate.com