Portugal Considers Postponing Key Tax Digitalization Deadlines

The Portuguese government is evaluating a proposal to postpone several upcoming tax digitalization requirements, including the mandatory use of Qualified Electronic Signatures (QES) on e-invoices. This move is intended to provide businesses with additional time to adapt to the complex new technical standards.

What's on Hold?

The proposed delay directly impacts some of the cornerstones of Portugal's digital tax strategy. The key measures being considered for postponement are:

• Qualified Electronic Signatures: The requirement for all PDF invoices to be signed with a QES was a major upcoming step. This is now likely to be pushed back to give companies more time to implement the necessary technology.
• ATCUD Unique Document Code: The mandatory inclusion of the ATCUD (a unique validation code) on all invoices may also be deferred.
• SAF-T Accounting File: Changes to the Standard Audit File for Tax (SAF-T), specifically related to accounting data, are also part of the proposed delay.

A Pragmatic Approach to Implementation

This potential postponement signals a pragmatic approach from the Portuguese authorities, acknowledging the significant technical and operational challenges businesses face in adopting these new measures.

While the exact new timelines are still pending final approval, this development provides a crucial grace period for companies. Businesses are advised to continue their preparations but can now plan for a more flexible implementation schedule for these specific requirements.

There’s more you should know about e-invoicing in Portugal – learn more about the new and upcoming regulations.