- Extended Deadlines for Compliance: The implementation of the Qualified Electronic Signature (QES) has been postponed to January 1, 2026, allowing businesses to continue using PDF invoices without QES until the end of 2025. Additionally, the mandatory submission of the Standard Audit File for Tax (SAF-T) has been delayed to 2027, impacting financial reporting for the 2026 fiscal year.
- Rationale for Delays: The Portuguese government acknowledges the challenges businesses face in adopting these regulatory changes and aims to reduce financial burdens while supporting smoother transitions to the QES and SAF-T requirements. This approach aligns with the broader goal of modernizing tax and accounting systems without overwhelming the business community.
- Implications for Businesses: Companies now have more time to adapt their systems for compliance, with the opportunity to transition to the QES framework by the end of 2025 and integrate SAF-T submission requirements by 2027. Proactive planning and investment in digital tools can help businesses mitigate future compliance challenges and ensure readiness ahead of the revised deadlines.
Source RTCsuite
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