|Update:||Compliance Alert - Suspension of the implementation of the ATCUD number|
Portugal has included in the Draft Budget for 2022 to suspend Article 7 and Article 35 of the Decree-Law 28/2019 and make it voluntary. These articles say the following:
- Decree-Law 28/2019 Article 7: The Unique Identification Code (ATCUD) must be displayed in invoices as well as all fiscal relevant documents (credit notes, dispatch notes etc.);
- Decree-Law 28/2019 Article 35: Taxpayers must communicate their document series number to the Tax Authority to get the verification codes to generate the ATCUD number.
Therefore, the ATCUD number that was supposed to be mandatory from 1 January 2022 has been postponed once again and is planned to enter into force on 1 January 2023.
On the other hand, the QR code requirement is not affected by the Draft Budget, and 1 January 2022 remains the mandatory deadline.
Moreover, The Portuguese Tax Authority gives economic incentives to those taxpayers implementing ATCUD voluntarily.
Specifically, taxpayers will be able to deduct 120% of their expenses related to ATCUD implementation costs as long as they display the ATCUD number on invoices and all relevant fiscal documents by 1 January 2023.