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All you need to know about SAF-T in Portugal

Source SNI

Standard Audit File for Tax in Portugal,  Saf-t PT  has two types of SAF-T files in PortugalSAF-T invoicing and SAF-T accounting. 

SAF-T INVOICING -MONTHLY-

This file must be submitted to the tax authorities every month. Starting on 1 January 2020, it must be submitted no later than the 12th of the month following that to which it relates.

SAF-T ACCOUNTING -ANNUALLY-

Another type of file is the SAF-T accounting, which works along the same lines as the SAF-T invoicing but collects all of a company’s accounting records for a specific financial year. This includes information about suppliers, customers, partners and other debtors and creditors.

IS SAF-T REPORTING MANDATORY IN PORTUGAL?

Starting from the 2020 financial year, the SAF-T accounting file has become mandatory for use in the automatic pre-filling-in of the IES Portugal, the electronic statement submitted annually for the fulfillment of accounting, tax and statistical obligations of companies in Portugal. Annexes A and I of the IES would be automatically filled in advance. This is applicable from 2021 onwards, relating to the 2020 financial year.

WHO IS REQUIRED TO SUBMIT A SAF-T FILE in Portugal?

Those who have to submit a SAF-T file are all taxpayers who pay IRC (corporate income tax) or who pay IRS (personal income tax) with organized accounting, and those who are required to submit any of the component annexes of the IES.

All other newsitems on SAF-T in Portugal, click HERE

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