VAT – COVID-19: Simplification measures for completion of VAT Returns / PDF invoices
30/03/20
In brief
Order no. 129/2020-XXII, of March 27, issued by the Secretary of State for Tax Affairs, establishes simplification procedures to adapt compliance reporting obligations to the current circumstances caused by the COVID-19 pandemic.
In detail
Order no. 129/2020-XXII, of March 27, issued by the Secretary of State for Tax Affairs, establishes simplification procedures to adapt compliance reporting obligations to the current circumstances caused by the COVID-19 pandemic.
Thus, for taxable persons that meet certain requirements, the VAT returns for February 2020 can be calculated based on the data in the "e-invoice" platform, not requiring supporting documentation. In turn, for the regularization of the situation without any costs/penalties, the VAT returns should be replaced based on all the support documentation, provided that this replacement and respective payment/adjustment occurs during the month of July 2020.
In addition, the issuance of PDF invoices must be accepted during the months of April, May and June 2020, and will be considered electronic invoices for all purposes provided for in the tax law.
Finally, the above-mentioned Order extends the regime of fair impediment to the fulfillment of the fiscal obligations, considering, for its application, the situations of infection or prophylactic isolation determined by a health authority, as well as the situations of fixing a health fence that interrupts the movement of taxpayers or certified accountants, provided that they have their professional or tax domicile in the aforementioned areas.
© 2020 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.
