In response to the difficulties and challenges that the COVID-19 pandemic has caused companies operating in the country, the Portuguese government has published important changes to the fiscal calendar, with the aim of making deadlines more flexible and supporting taxpayers.

Therefore, on 11 November, Order 351/2021 – XXII was published, which establishes the following updates:

VAT returns

  • -Although the VAT periodic returns to be delivered in November and December 2021 may continue to be, respectively, submitted until November 22 and December 20, 2021, the VAT payment may be paid until 30th of November and 30th of December, 2021 respectively.
  • Monthly VAT returns for the months of January to June 2022 may be filed until the 20th of each of those months.
  • Quarterly VAT returns to be submitted for the months of February and May 2022 may be submitted until the 20th of each of those months.
  • The VAT payment of the monthly or quarterly VAT returns above mentioned may be submitted up to the 25th day of each of those months.

Tax updates

  • The serial declaration is suspended in 2022, while the obligation to include the ATCUD on invoices and other tax-relevant documents is optional.
  • Complementing Order n.º 510/2020-XXII-SEAAF of 12 December, the non-certification or late certification, by the chartered accountant, of the limitation of payments on account for the year 2020 that has been subject to the application of fines will not be sanctioned under the terms to be defined.
  • The filing of form 10 for Withholding Tax may be completed up to 25 February 2022.
  • The reporting of valued inventories will only be compulsory in 2023.
  • The reporting of inventories in respect of 2021 will be carried out under the same terms as inventories in respect of 2020.
  • Until 30 June 2022, PDF invoices, which are considered electronic invoices for tax purposes, must be accepted.

For any questions or further information on the filing of tax obligations or changes to the calendar, get in touch with our team of experts in Portugal.

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Carla Ribeiro Dos Santos Casquinha
Country Manager Portugal

All information contained in this publication is up to date on 2021. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.