Tax compliance news in Portugal

Companies apprehensive. Software "is not prepared" for new mandatory invoice rectification rules

Deadline for submitting the global minimum corporate tax return ends today

“There is a very fine line between undue payment and fraud”

Inspections of large taxpayers detect 642 million euros in missing tax

“We have entirely replaced the need for companies to hire accountants”

Changes to the VAT periodicity regime: how to complete the amendment declaration?

Sovos acquires French company Flowie to gain autonomous financial management agents

The North American company Sovos, which provides electronic invoicing and tax compliance solutions, announced this Tuesday the acquisition of the French firm Flowie, which specialises in financial orchestration and procurement using artificial intelligence (AI). The deal, the value of which was not disclosed, aims to bring autonomous agents to financial management and integrate tax compliance.

Sovos acquires Blue dot to strengthen AI investment

Sovos has acquired Blue dot, a Tel Aviv-based VAT recovery platform powered by artificial intelligence (AI). With this operation, the company, which specialises in electronic invoicing and tax compliance solutions, strengthens its technological capabilities and expands its services to include VAT recovery for business expenses.

Tax authorities suspect fake invoices on digital platforms and want to strengthen controls

The tax administration aims to tighten oversight of digital platforms due to suspicions of fake invoicing used to reduce VAT payments, according to a government report. The report on combating tax and customs fraud for 2025, prepared by the office of Secretary of State for Tax Affairs Cláudia Reis Duarte, identifies the sector as high-risk. Investigations by the Tax and Customs Authority (AT) revealed complex schemes involving long chains of entities designed to evade VAT and corporate income tax. The AT plans to develop new risk indicators for early detection and conduct nationwide field operations to address these irregularities, which have also been identified in sectors ranging from logistics and construction to wholesale trade.

Portugal receives 3.6 million overseas tax records as global data-sharing expands

Portugal’s tax authority received a record 3.6 million financial records from 103 countries last year as the international crackdown on offshore tax evasion and hidden foreign income continued to gather The post Portugal receives 3.6 million overseas tax records as global data-sharing expands appeared first on Portugal Resident.

Globalisation accelerates fiscal transformation

Internationalisation is no longer the exception, but the rule. With it come fiscal and regulatory demands that span continents, sectors, and business models. The latest episode of Compliance Talks, an initiative by Sovos Saphety and ECO, featured Ricardo Xavier Correia, Partner of Tax Technology and Transformation at EY Portugal, and...

Large taxpayers paid 28 billion in taxes in 2025

The special tax unit that monitors the largest economic groups and high-net-worth individuals tracks 5,704 large taxpayers, who paid 28 billion euros in taxes in 2025, according to a government report.

Tax authority lifts banking secrecy in 803 cases with consent from 73% of those involved

The tax authority requested the lifting of banking secrecy in 803 cases in 2025, and in 73% of those instances, the consultation of data was authorised voluntarily by the taxpayers involved, according to the report on combating fraud.

Finance Ministry triggered anti-abuse clause 40 times in 2025 to collect taxes

The government explains that this and other instruments to combat tax fraud and evasion are triggered by the Finance Ministry in “highly complex situations”.

Tax authority alert system recovers 446 million euros

The alerts implemented by the Tax and Customs Authority (AT) recovered approximately 446 million euros in taxes last year, mainly associated with income earned abroad. This scenario represents an 8% decrease compared to the previous year, according to the Report on Combating Tax and Customs Fraud and Evasion.

Lack of inspectors stalls tax audits in Portugal

The reduction has been a constant trend over the last seven years, particularly affecting verification and compliance actions.

Tax Authority warns Brazilians in Portugal about foreign income and accounts

The Portuguese Tax and Customs Authority has issued an alert to Brazilian residents regarding the reporting of income and bank accounts held outside of Portugal.

Today in the news: Football payments, IRS, and IHRU

The tax authorities are tightening the net on football payments, and thousands of IRS tax returns remain unsettled. Regarding affordable housing, tax exemptions are not being monitored, while at the local level, thousands of victims of severe weather are left without support within the deadline. See this and other news stories that are making headlines...

Majority of financial leaders consider regulatory changes the main risk until 2029

More than half (58%) of financial leaders at global companies consider new national and international tax compliance mandates to be complex, while 44% state that regulatory changes, new e-reporting obligations, and electronic invoicing requirements are happening too quickly to be managed effectively. These are some of the findings.

EU reaches agreement to strengthen fight against VAT fraud that generates up to 32.8 billion per year

The Council of the European Union has reached a provisional agreement to bolster the fight against VAT fraud through increased cooperation between member states and European investigative bodies. The agreement provides initial approval for new rules to intensify collaboration with the European Public Prosecutor's Office (EPPO) and the European Anti-Fraud Office (OLAF), granting them more direct access to essential VAT data on cross-border commercial transactions. According to the European Commission, this type of crime costs member states and the EU budget between 12.5 billion and 32.8 billion euros annually, often linked to organised crime networks. The measures, which involve revising the regulation on administrative cooperation in the field of VAT, must still be validated by the European Parliament, with formal adoption expected in July 2026. Additionally, MEPs have proposed using AI to detect fraud in the use of European funds.

Victory for the Tax Authority

Just as justice should be blind, the Tax Authority must treat everyone equally.

Public Prosecutor's Office sent Luís Montenegro's invoicing to the Tax Authority for investigation

Luís Montenegro may have 'dodged' his tax obligations, writes 'Correio da Manhã', adding that the Public Prosecutor's Office reportedly concluded there was no evidence of tax fraud. The matter is expected to be analysed by the Tax Authority, which may proceed with an additional tax assessment.

The 'irrelevant' tax scheme

Luís Montenegro seems to have sought the least costly solution for himself.

Tax authority issues serious warning regarding invoice issuance in Portugal

The Portuguese tax authority has issued a formal alert concerning the correct procedures and compliance requirements for issuing invoices within the country.

4gnews29 Apr

Rules on minimum corporate income tax and sanctions for failure to report crypto-asset data approved in final vote

Parliament approved today in a final vote new rules for information exchange with tax authorities regarding minimum corporate income tax and sanctions for crypto-asset service providers that fail to report data to the tax administration.

Fernando Santos: FPF has already paid 3.3 million to Social Security

The organization led by Pedro Proença chose not to appeal and settled the outstanding amounts. Pending fines are expected to further increase the final bill.