In Portugal Standard Audit File for Tax (SAF-T PT) consists of two different SAF-T invoice and SAF-T accounting.
SAF-T invoice has been mandatory since January 2020, for all resident taxpayers who are paying IRC (corporate income tax) or IRS (personal income tax).
From January 2023 foreign businesses who are not located in Portugal but have VAT registration number will be obliged to submit the SAF-T report to the tax authority.
SAF-T accounting files will be mandatory starting from 2024. The file must be submitted to tax authorities annually different from SAF-T invoice. Annual reports containing the company’s accounting records for a fiscal year and first mandated SAF-T accounting files will contain 2023’s accounting records.