Portugal delays VAT invoice software on foreign taxpayers to 2021
- Oct 26, 2019 | Richard Asquith
Portugal has again postponed the requirement for non-resident VAT registered businesses to produce VAT invoices on approved software packages. The new deadline is January 2021. It had previously been 1 January 2020.
The Portuguese Tax and Customs Authority will also make available a free software package for producing compliant invoices. These will be able to stamp invoices with a new QR code, which details invoice information for electronic scanning.
For resident taxpayers, the threshold for complying with the new mandatory e-invoicing rules and digital records rules has been lowered from €75,000 to €50,000. They come into force on 1 January 2020.