After months of delay due to initial rejection of the Portuguese State budget and new government elections, the State Budget for 2022 was finally approved on 27 May.
One of the measures foreseen in the State Budget proposal was the extension, to VAT registers (non-established entities), of the obligation to communicate, on a monthly basis, invoices issued from the PT VAT number.
In this sense, all entities obliged to issue invoices from Portuguese (PT) certified software (e.g.: invoices with PT VAT number for intra-community supplies and exports made from PT or invoices for local supplies where PT VAT is added to the invoice and charged by supplier) will have to:
Report invoices issued each month, up to day 5 of the month following date of issue. This report is to be done by SAF-T (PT) file, automatically generated by the certified invoicing software and communicated to the Portuguese Tax Authorities (from the invoicing software).
Report absence of invoices, if no invoices are issued in a given month; this report is to be done in a specific function of the tax portal.
Entry into force: The State Budget for 2022 is expected to enter into force on 1 July 2022.
However, there are reports – which we were not able to verify as the consolidated version of the law is not available further to last minute parliament negotiations – that, (i) until December 2022, communication is done up to day 12 of each month, (ii) communication up to day 5 will only produce effects on 1 January 2023.
The above information was kindly provided by BELIM (Portugal). For more information, please contact Catarina Belim at: [email protected].