Portugal : e-Signature required on all PDF invoices (exception due to Corona till 30.6.2022)

According to the Portuguese Law, in order to issue electronic invoices:  “the taxable persons must assure the authenticity of the origin, the integrity of the content and the legibility of an invoice, from the point in time of issue until the end of the period for storage of the invoice, by means of any business control that creates a reliable audit trail between the invoice and the supply of goods or services.

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Portugal: Proposed VAT rate increase from 1 January 2015

Portugal considers increasing the standard VAT rate by 0.25%, to 23.25%.

The increase would result in the following standard VAT rate changes with regards to the three different regions: from 23% to 23.25% on the Portuguese mainland, from 22% to 22.25% in Madeira and from 18% to 18.25% in Azores.

For further information please feel free to contact:

Susana Claro
Phone:  +351 213 599 648

Susana Caetano
Senior Manager
Phone: +351 213599674

I got silent

On the days where I travel to Portugal it would be better not to travel there. All my travels to or from Lisbon are affected by strikes with grim regularity. Once the public transport staff was on strike, the other time the aviation staff and this time the air traffic controller in France were on strike. And as one is crossing southern France and the choice of travel route is not all that flexible, my first flight at 6.20am was cancelled. And to catch such flight means getting up between 4 and 5am. Read More »

Tour Operators Margin Scheme (TOMS)

The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.

The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Read More »

Salary satisfaction

I had always been satisfied with my salary. To say this aloud might be dangerous. Maybe it is considered as missing aspiration for more.

I always adapted my needs to my financial possibilities. With such philosophy it’s just easier to live. With 16 when packaging newspapers during the holidays, with 17 when I worked at a petrol station, with 18 as ice cream seller, with 20 as skiing instructor, with 30 as tax adviser I thought my salary was great and I was satisfied.Read More »

Die Lohnzufriedenheit

Ich war schon immer mit meinem Verdienst zufrieden. Das laut zu sagen mag gefährlich sein. Vielleicht wird es als mangelnde Aspiration für mehr gewertet.

Ich habe immer meine Bedürfnisse meinen finanziellen Möglichkeiten angepasst. Mit so einer Philosophie lebt es sich einfach. Mit 16 als ich in den Ferien Zeitschriften verpackte, Read More »

Portugal – new administrative obligation for transportation of goods as from 1 of July 2013

All goods transported within the Portuguese territory to taxpayers must be accompanied by transport documents issued in accordance with the Portuguese legislation. As from the 1 of July 2013 there is a new obligation to submit the information of the transport documents to the Tax Authority prior to the beginning of the transport. Read More »

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

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.

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