Portugal annual VAT return and SAF-T requirements
- Dec 13, 2018 | Richard Asquith
The Portuguese tax authorities have stated that the annual VAT return must be based on tax payers’ Standard Audit Files for Tax (SAF-T) submission. The requirement covers Annex A, accounting information, of the annual return.
The annual VAT return for 2018 is due by 15th July 2019.
SAF-T submissions are mandatory for all Portuguese resident tax payers. Non-residents are exempted. Portugal was the first EU country to adopt SAF-T in 2008. SAF-T is a standardised reporting format for the exchange of tax transaction data between businesses and the tax authorities. The format was developed by the OECD in 2005.
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