FLASH NEWSLETTER PORTUGAL
Decree-Law No. 28/2019 of 15 February
Decree-Law no. 28/2019, of February 15 regulates the obligations related to the processing of invoices and other fiscally relevant documents, as well as the maintenance obligations of books, records and respective supporting documents, which fall on the taxable persons of Value Added Tax.
In line with the goals of digitization and simplification of the Public Administration, aimed at by the Portuguese Government, this Decree creates the conditions for the “Paperless invoice”, providing for the possibility of exemption from printing invoices.
The Decree establishes the conditions for the dematerialization of documents, encouraging the adoption of an electronic billing system and electronic filing of documents, allowing companies to reduce costs with compliance with tax obligations.
In order to facilitate the adaptation of economic agents, the new regime will enter into force in a phased manner, leaving the Tax Authority to make available a billing application free of charge, compliant with the legal requirements.
The application of the new framework is, however, subject to the regulation of certain matters, such as the certification of billing programs (publication awaited), through Ordinances of the member of the Government.