The taxable persons who are legally bound to send the communication of inventories, must submit the inventories file of 2018 (existent stock at 31/12/2018) to the Tax Authorities until January 31, 2019.
For taxpayers that have adopted a tax period different from the civil year, this communication should be fulfilled until the end of the next first month take into consideration the date of the term stablished for this tax obligation.
WHO IS REQUIRED TO PERFORM THE COMMUNICATION INVENTORY
This new return applies to taxpayers and individuals, that cumulatively:
- Have head-offices, permanent establishment or tax residence in Portugal;
- Have a certified accountant, and
- Had a turnover in the year 2018 higher than 100.000,00€.
DEADLINES AND FORM OF MAKING THE COMMUNICATION OF INVENTORIES
The communication of inventories must derive from the electronic transmission of data by means of submission at the AT portal of a file in xml or csv format.
In the previous year all the taxpayers with a turnover lower than € 100.000, are exempt of this obligation.
COMPANIES WITH NO STOCK
Companies with no stock and obliged by law to communicate its stock must also declared the situation at “Portal das Finanças”.
COMPANIES WITHOUT STOCKS
All the companies are obliged to communicate the inventory list in the website e-factura, even those that do not have stocks in the year-end.
FINES AND PENALTIES
The fine imposed for those who do not comply with this new obligation could range from €400 to €10.000.