Standard Audit File for Tax in Portugal, Saf-t PT has two types of SAF-T files in Portugal: SAF-T invoicing and SAF-T accounting.
SAF-T INVOICING -MONTHLY-
This file must be submitted to the tax authorities every month. Starting on 1 January 2020, it must be submitted no later than the 12th of the month following that to which it relates.
SAF-T ACCOUNTING -ANNUALLY-
Another type of file is the SAF-T accounting, which works along the same lines as the SAF-T invoicing but collects all of a company’s accounting records for a specific financial year. This includes information about suppliers, customers, partners and other debtors and creditors.
IS SAF-T REPORTING MANDATORY IN PORTUGAL?
Until recently, this SAF-T file was mandatory but was only exported and sent to the tax authorities on-request (as part of an inspection, for example). However, starting from the 2020 financial year, the SAF-T accounting file has become mandatory for use in the automatic pre-filling-in of the IES Portugal, the electronic statement submitted annually for the fulfillment of accounting, tax and statistical obligations of companies in Portugal. Annexes A and I of the IES would be automatically filled in advance. This will be applicable from 2021 onwards, relating to the 2020 financial year.
WHO IS REQUIRED TO SUBMIT A SAF-T FILE in Portugal?
Those who have to submit a SAF-T file are all taxpayers who pay IRC (corporate income tax) or who pay IRS (personal income tax) with organized accounting, and those who are required to submit any of the component annexes of the IES.
HOW IS THE SAF-T ACCOUNTING FILE SENT AND VALIDATED?
From 2021 (so, relating to the 2020 financial year), the submission deadlines for SAF-T accounting files will be as follows:
No later than 30 April of the year following that to which the accounting data relates in the case of personal income taxpayers (IRS) with organized accounts and corporate income taxpayers (IRC) required to have their accounts for the financial year approved by 31 March;
No later than 15 June of the year following that to which the accounting data relates in the case of corporate income taxpayers (IRC) required to have their accounts for the financial year approved by 31 May;
No later than the end of the fourth month after the end date of the tax period, in the case of corporate income taxpayers (IRC) whose tax period does not coincide with the calendar year;
In the case of companies which are ceasing trading, no later than the 60th day before that which constitutes the deadline for submission of the statement relating to the termination period; said time frame will also apply in respect of the submission of the file relating to the tax period immediately prior.
MANDATORY FIELDS
1. Monthly SAF-T File
Monthly SAF-T file includes invoicing data. Submission is mandatory on a monthly basis together with the VAT return.
Portugal Monthly SAF-T data types are as follow:
Header
Masterfiles
- Customer Master Data
- Tax Table
Source Documents
- Sales Invoices
- Payments
2.The Annual SAF-T File
Portugal Annual SAF-T data types are as follow:
Header
Masterfiles
- General Ledger Master Data
- Customer Master Data
- Supplier Master Data
- Product Master Data
- Tax Table
General Ledger Entries
Source Documents
- Sales Invoices
- Movement of Goods
- Working Documents
- Payments
No later than 30 April of the year following that to which the accounting data relates in the case of personal income taxpayers (IRS) with organized accounts and corporate income taxpayers (IRC) required to have their accounts for the financial year approved by 31 March;
No later than 15 June of the year following that to which the accounting data relates in the case of corporate income taxpayers (IRC) required to have their accounts for the financial year approved by 31 May;
No later than the end of the fourth month after the end date of the tax period, in the case of corporate income taxpayers (IRC) whose tax period does not coincide with the calendar year;
In the case of companies which are ceasing trading, no later than the 60th day before that which constitutes the deadline for submission of the statement relating to the termination period; said time frame will also apply in respect of the submission of the file relating to the tax period immediately prior.