Tax legislation in Portugal includes changes to the value added tax (VAT) rules.
Lei n.º 119/2019 includes changes to the schedule of due dates for remitting VAT—the new deadline is five days after the due date for submitting the VAT periodic declarations (this due date remains unchanged). Because of the VAT payment deadline amendment, remittances of VAT generally are to be made according to the following schedule:
The law also included changes to the due date for complying with requirements to submit certain information electronically to the tax authorities (in general, invoices pertaining to implementation of the VAT law). Effective 1 January 2020, taxable persons will be required to report certain required elements of invoices issued under the VAT law by the 12th day of the month following the date of the invoice.
Read an October 2019 report (Portuguese) prepared by the KPMG member firm in Portugal
VAT measures in Portugal also reflect new invoice rules and other provisions that are effective 1 January 2020.
Decreto-Lei n.º 28/2019 introduced rules aimed at simplification of the invoicing and archiving procedures, mainly in the context of documents issued by suppliers. The new provisions allow for:
Read a 2019 report (Portuguese) prepared by the KPMG member firm in Portugal
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