Fiscal subject related
This strategic decision is part of ongoing efforts to stimulate economic growth and offer financial relief to both consumers and businesses in Madeira. The amendment is set to take effect on October 1, 2024. It is important to note that the standard and intermediate VAT rates in Madeira, which are 22% and 12% respectively, will remain unchanged by this amendment. The reduction in the reduced VAT rate is expected to have a positive impact on the local economy, making goods and services more affordable for residents and potentially boosting business activities in the region.
Other news from Portugal
EU to protect domestic e-commerce sellers with a cross-border tax reform
As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more
Tax authority in Portugal issued a notice regarding security alert-fraudulent message
The Tax and Customs Authority (AT) in Portugal published a notice to be aware that some taxpayers are receiving emails supposedly from the AT in which they are asked to click on links provided. These messages are fake and should be ignored. Their purpose is to convince the recipient to access malicious pages by clicking on the suggested links. The examples of fraudulent messages can be found at th... Read more
EU VAT Validation Tool
One way to validate VAT numbers in the EU is the VAT Information Exchange System (VIES), which is a crucial tool for businesses operating within the European Union. Owned by the European Commission, VIES is a search engine that retrieves data from national VAT databases to verify VAT numbers. Here’s a detailed look at how VIES works and its significance. How VIES Works When a search is made usi... Read more
New document was uploaded: S4F backoffice patch
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Please note that this patch contains changes for following country: France Read more
Fiscalization rules for non-fiscal documents issued from sales software in Portugal
Fiscalization in Portugal is software-based. That means that all fiscalization requirements are placed in software, which must be specially certified in Portugal and meet a large number of requirements. The invoice is the main fiscal document, with special types of it and special rules in relation to its elements, moment of issuing, and other rules. Read more
New document was uploaded: S4F backoffice patch
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more