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"
- GC VAT Case T-324/25 (Novo Banco) – Order – Proceedings stayed until resolution of similar case C-521/24
- New VAT Rules in Portugal: Challenges for Self-Employed Newcomers
- Portuguese Tax Authority Clarifies VAT Exemption for Tips in Hospitality Sector
- eInvoicing in Portugal
- EU Member States Collect €33 Billion in E-commerce VAT Revenue in 2024
