07.06.2019

Portugal: Delay in Mandatory e-Invoicing until July 2019

Portugal has delayed the mandatory real-time e-invoicing to Public Bodies until July 2019.

Portugal e-invoicing update

The Portuguese government has postponed its introduction of the new mandatory real-time invoice reporting regime for VAT-registered companies selling to government bodies until 1st July 2019.

This system was planned to come into effect on the 1st of January 2019. It requires companies making business-to-govermnet (B2G) supplies to automatically issue and transfer e-invoices in real0time to the tax authorities. They wil then verify the data before sending it on to the customer.

Since April 2019, the e-invoicing in public procurement Directive 2014/55/EU has required that Member States’ central public authorities are able to receive and process EU-standardised e-invoices. This measure is being introduced EU-wide to simplify compliance for business and foster cross-border trade. However, this Portuguese system will go a step further by already obligating companies to issue their invoices via the system.

If you'd like to speak to us directly about what Taxback International can do for your company's VAT reclaim opportunities, possibly adding huge savings into your bottom line - talk to us today!

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