- VIDA alignment underway: Portugal is proactively adapting its financial systems to meet the EU’s VAT in the Digital Age (VIDA) requirements, targeting full readiness by 2030.
- Existing mandates form the foundation: Businesses already use certified invoicing software, issue B2G e-invoices, and generate SAF-T files — with full B2G compliance expected by 2026 and SAF-T submissions mandatory from January 2027.
- Future focus on cross-border B2B reporting: Upcoming changes will likely include real-time reporting for cross-border transactions, enhancing transparency and tax compliance across the EU.
Source Pagero
- Portugal is adapting its e-invoicing and e-reporting framework to meet the VAT in Digital Age VIDA requirements by 2030
- The secretary of state for tax affairs announced that efforts to modify the finance system for VIDA compliance have already started
- Current Portuguese e-invoicing system includes certified invoicing software requirements since 2021, mandatory B2G e-invoices, and SAF-T file generation since 2013
- B2G e-invoicing started with large taxpayers in 2021 and will cover all taxpayers by 2026, while SAF-T accounting file submission becomes mandatory in January 2027
- Expected changes under VIDA will affect cross-border B2B transactions and include real-time reporting requirements
Source: p2pnetwork.org
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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