A decree published by the Portuguese government on 2 May 2019 sets out new requirements for reporting stock/inventory to the Portuguese tax authorities for purposes of corporate income tax and VAT. Under the decree, taxpayers will be required to submit in a separate filing an inventory table to the authorities that identifies each item and its market value, as well as other information.
The new rules will be effective as from 1 January 2020, and will apply for stock/inventory held by taxpayers as from the 2019 fiscal year.
Source Deloitte
