Learn about the legal changes that change accounting procedures.
Decree-Law 119/2019 published on 18 September, comes into force in October 2019. The following measures are worth highlighting:
Change in VAT delivery dates - Monthly VAT until the 15th day of the 2nd month following to wich the declaration refers to and quarterly VAT until the 20th day of the 2nd month following.
Reporting of invoices to Tax Authority must be made until the 12th day of the month following the invoices register. We also inform that this publication is applicable in October, related to September invoices.
Data Retention Obligation – “Reported data on invoices must be retained until the end of the fifteenth year following that to which they relate and must be destroyed within six months after the expiry of this period”.
IES and SAF-T (PT): The obligation to deliver the SAF-T (PT) file, which relates to accounting, is subject to the prior publication of the decree-law that will define the data to be excluded from the file for the purpose of delivering the IES, in particular data which may call into question confidentiality obligations to which, legally or contractually, taxable persons are bound.