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Everything you need to know about SAFT-PT

10/04/2015

 

DOWNLOAD SAFT-PT EXPERT CHAT

In Portugal, work on the implementation framework of this communications system began in 2008. However, it has gradually evolved over time. Finally, in 2013 a legislative change was enforced that made its use widespread, requiring companies to communicate their invoices and shipping documents in this format.

Following the period of adaptation to the changes to the law and the new regulations, as of December 2014, the SAFT-PT is now finally established as mandatory for all taxpayers with legal entity status in Portugal.

André Menezes has worked on several SAFT-PT system rollout projects, both for major local businesses and international corporations. In the interview, he shares the fruits of his experience with us and pinpoints the main barriers many of these companies come up against when planning to implement the system and, most importantly, gives us the solution.

In this sense, André highlights the great complexity of the internal developments that companies need to carry out in their ERP to generate and electronically sign the SAFT-PT file.

Moreover, we must bear in mind that the Tax Authority in Portugal stipulates that the billing software must be certified, involving yet another long and tedious bureaucratic process.

And as if this wasn't enough, we still have to deal with the issue of communications with the administration to declare the invoices. When the billing volumes are small and time is available, the TA provides taxpayers with the portal where they can upload their invoices manually. The problem arises when working with a large volume of invoices. Manual processes are unfeasible, and it is necessary to communicate directly and automatically via webservice. And this development involves a significant degree of complexity internally for companies.

As we can see, there are many technical and legal requirements needed to comply with the obligation to issue invoices in Portugal. Discover the solutions André Menezes proposes in an interview expert to address the successful implementation of an SAFT-PT system in large corporations.

 

DOWNLOAD SAFT-PT EXPERT CHAT

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