SAF-T reporting will become mandatory for all VAT registered companies – including foreign businesses following the approval of the State Budget in Portugal.
Foreign companies issuing invoices under the certified billing software will need to communicate monthly the invoices issued with their Portuguese VAT number according to the SAT-T reporting.
Portuguese State Budget 2022 was finally approved last May 2022, after the initial postponement and new elections held in the country. This State Budget contains the extension of the SAF-T reporting to all taxpayers registered for VAT purposes in Portugal – this includes foreign businesses.
Source Marosa
Latest Posts in "Portugal"
- Flashback on ECJ cases – C-347/95 (Fazenda Pública v UCAL) – Product-specific charge is not a turnover tax
- Portugal Ordinance Phases in VAT Reporting and Compliance Changes
- Portugal Redefines Invoice Corrections: When to Cancel, Reissue, Credit or Debit an Invoice
- Portugal Updates VAT Invoice Correction and Regularization Rules
- Portugal Updates VAT Correction and Return Rules
