In April 2014, electronic invoicing finally became mandatory for all companies registered in Portugal.
The only businesses currently exempt from this obligation are those companies still engaged in the certification process for e-billing software authorized by the DGCI (Directorate General of Taxes), following approval by the Portuguese Tax Authority.
Taking into account that this process involves the time taken to develop, rollout and test that the solution, the Tax Authority has allowed an extension of the deadline for these companies only. This is confirmed by a official communiqué from the Secretary of State for Tax Affairs, Paulo Núncio, setting 31 December 2014 as the deadline date for migration to electronic invoicing, in the case of companies immersed in a certification process recognized by the AT.
According to Portuguese Government finance portal , between January and August this year 3,173.1 million electronic invoices were issued and sent. This is 11,3% more than the same period in 2013. This figure is likely to increase in the last quarter of the year. By the 1 October deadline, the back majority of taxpayers should have adapted to this new system. Those who have not yet done so, and are not in the certification process, may face serious penalties for failure to comply with the legislation.
Portugal is one of the first European countries to impose mandatory e-invoicing. This is why Billentis consulting highlights Portugal as one of the EU’s leaders in this area. However, many other states have already taken similar measures. This is the case of Italy, which has now completed the initial phase of migration to electronic invoicing, or Spain or France. In total, by the end of 2014 the volume of electronic invoices worldwide is expected to have risen by 20%.
EDICOM SAFT-PT: a complete and certified solution
EDICOM’s solution for issuing electronic invoicing in Portugal meets the requirements laid down by Decree nº 363/2010 and 340/2013 and is certified by the Directorate General of Taxes.
The SAFT-PT platform is designed to optimize company tax and commercial management. Its web service connectivity lets users automate the online declaration of electronic invoices to the tax authorities. In addition, the solution has a file validation module that ensures compliance with the specifications required by the authorities.