Michaela Merz

Portugal – Changes in invoicing as from 10 October 2012 and new reporting obligations as from 1 January 2013

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Decree Law no. 197/2012 dated 24 of August brings changes in area of invoicing. The concept of “equivalent document” will be replaced by an obligation to issue invoices. At the same time simplified invoicing will be allowed replacing the current regime of invoice exemption and issuing of sales receipts. New rules in area of e-invoicing will make the implementation more business friendly.

Additionally, as from 1 January 2013 taxpayers domiciled in Portugal will have to provide the Portugese Tax Authorities with more information via electronic data transfer by the 8th of the following month. Following information will have to be provided:

  • Tax identification number of the supplier
  • Invoice number
  • Data of issue
  • Type of Standard Audit File for Tax Purposes used (type of electronic file -> used for control purposes)
  • Tax identification number of the acquirer (taxable person or private person that has requested its inclusion in the invoice)
  • Taxable amount
  • Aplicable VAT rate
  • Justification for the non inclusion of VAT (when applicable)
  • VAT amount

For more details please contact pwc.tax@pt.pwc.com

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