Portugal SAF-T, E-Invoicing and E-Reporting

The introduction of mandatory Accounting SAF-T (PT) obligations for established taxpayers registered for VAT has been postponed from January 2024 to January 2025.

BACKGROUND

The Accounting SAF-T (PT) file, previously required only upon request from Portuguese Tax Authorities (PT TA), will now become an annual obligation starting from January 2025. This regulation applies specifically to entities established in Portugal and registered for VAT, excluding non-established companies from its scope.

KEY POINTS OF THE POSTPONEMENT

Implementation Date:

Originally set for January 2024, the mandatory filing requirement has been rescheduled to commence from January 2025. This delay allows businesses more time to adapt their systems and processes to meet the new compliance standards.

First Statutory Due Date:

The initial filing under the new regulation will be due in 2026, pertaining to the fiscal year 2025. This gives businesses an extended window to compile and submit the required data accurately.

Scope:

The obligation applies strictly to entities established in Portugal and registered for VAT. Non-established companies are exempt from this requirement.

Filing Frequency:

Entities affected by this regulation will be required to submit the Accounting SAF-T (PT) file annually. This file encompasses detailed information such as header data, accounting codes (General Ledger Accounts), customer and supplier grids, tax information, accounting transactions (General Ledger Entries), and receipts of issued documents where applicable.

Differences Based on Taxpayer Status:

Established taxpayers must fulfill both monthly transactional reporting and annual SAF-T obligations. In contrast, non-established taxpayers are only obligated to comply with monthly transactional SAF-T reporting.