Portugal provides further guidance on invoicing
- Aug 4, 2014 | Richard Asquith
The Portuguese VAT office has provided new updates on invoice requirements.
This includes details of the use of software packages and the use of multi-page invoices. In the latter case, the PTA requires disclosure on all pages of the document the sequential paging and page-by-page accumulated totals.
The new guidance, Order nr. 8632/2014, should be read in conjunction with the implementation of the EU 2nd Directive on VAT Invoices, which introduced the option for companies to produce electronic invoices instead or alongside paper invoices. Portugal introduced e-invoices compliance guidance in July 2013.
Portugal still requires companies to retain invoices for 10 years.