details on invoicesparque empresarial de lagoa, edifício paris, bloco 1, loja 7, lagoa 8400-431 -...
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Parque Empresarial de Lagoa, Edifício Paris, Bloco 1, Loja 7, Lagoa 8400-431 - Algarve, Portugal Tel: (+351) 282 476 160 – Fax: (+351) 282 476 617
Email: [email protected] / Skype: algarvetaxsolutions/ www.algarve-taxsolutions.com Contribuinte nº 508 043 140 – C.R.C. PTM nº nº 508 043 140 – Cap. Social: €5.000,00
DETAILS ON INVOICES
1 Introduction
2 Required Content of invoices
3 Exception – Invoices for small amounts
4 Special notes
5 Invoice Example – Standard case Portugal
6 invoice Example – EU Intra – Community Delivery
7 Invoice Example – Export to third Country
8 Invoice Example – EU Service
http://www.algarve-taxsolutions.com/
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Parque Empresarial de Lagoa, Edifício Paris, Bloco 1, Loja 7, Lagoa 8400-431 - Algarve, Portugal Tel: (+351) 282 476 160 – Fax: (+351) 282 476 617
Email: [email protected] / Skype: algarvetaxsolutions/ www.algarve-taxsolutions.com Contribuinte nº 508 043 140 – C.R.C. PTM nº nº 508 043 140 – Cap. Social: €5.000,00
2. Export to client in non-EU country: “Export delivery according Portuguese VAT law Artº 14 non chargeable- exempted”.
Note
In case of any kind of services, especially construction services,
travel services or deliveries of art, antiques or second hand
goods as well as prepayment invoices please ask your contact
person at Tax Solutions for further information.
1. Intra – community delivery to business client in other EU
country: EU intra community delivery according to Portuguese
VAT law/ VAT art. º 6) and RITI, it is required a valid VAT
registration number (reverse charge).
1 Introduction An invoice according to Portuguese VAT rules has to fulfil certain requirements. The following leaflet gives information about the required content on standard invoices, which have to be raised on outgoing invoices as well as on received incoming invoice in order
to get the VAT refund.
2 Required content of invoices A proper invoice must include the following information:
The name and address of the supplier (invoicing party) and
the beneficiary invoice recipient,
A sequential invoice number, which is used only once by
the invoicing party has an form of unique identification for
the invoice,
The individual tax number or VAT identification number,
The date of issue of the invoice,
The date of delivery or performance or, in the case of an
advance payment, the date of collection for the funds so
long as this date is fixed a does coincide with the issue date
of the invoice. The date of delivery is the start date of the
transport. The date of delivery of a service is the end date
of the service.
The quantity and type (commercial name) of supplied
goods or the scope and nature of other services
(commercial collective names are sufficient if the
applicable tax rate can be derived),
The respective net amounts net amounts (prices) broken
down by individual tax rates and tax exemptions as well as
any agreed reductions of the prices (discounts) agreed in
advance,
Each of the applicable tax rates and the amount of tax
applicable for each price.
In case of a tax exemption a remark on the invoice is
required. The two most frequently tax exemptions are:
If the beneficiary settles the invoice for services with input
tax credit (e.g. provisions), the accounting document must
include the indication “self-billing invoice” as well as the tax
number from the beneficiary.
3 Exception–Invoices for small
amounts Invoices with a total amount of less than 100€ (including VAT) are
required to contain only the following information:
The full name and full address of the contactor who
performed the service (invoicing party),
The date of issue,
The quantity an type of goods supplied or the scope and
nature of the services,
The price and the amount of tax incurred for the supply of
goods or other services given as a total amount together
with the applicable tax rate or, in the case of tax exemption,
an indication that an exemption applies to the supply or
service.
4 Special Notes
Note
Please note that it is important that an invoice should be only issued after the receipt of the Portuguese tax registration and that in Portugal a correct invoice is important for the payment moral of the clients.
http://www.algarve-taxsolutions.com/
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Parque Empresarial de Lagoa, Edifício Paris, Bloco 1, Loja 7, Lagoa 8400-431 - Algarve, Portugal Tel: (+351) 282 476 160 – Fax: (+351) 282 476 617
Email: [email protected] / Skype: algarvetaxsolutions/ www.algarve-taxsolutions.com Contribuinte nº 508 043 140 – C.R.C. PTM nº nº 508 043 140 – Cap. Social: €5.000,00
5 Invoice Example – Standard case Portugal
Example Company Ltd Sample street 101 London SW1 78A United Kingdom
GB123456789
Delivery address:
Invoice no. Delivery Date Date
1 13/01/2016 14/01/2016
Description Quantity Price Value (€)
Cartridge for HP 111 black
Highlighter yellow
Highlighter green
2
3
3
19,99
1.49
1.49
39.98
4.47
4.47
VAT Rate 23%
Net Amount 48,92
VAT Amount 11.25
Total Amount 60.17
VAT rate, net amount, VAT
amount and total (gross)
amount
Tax number or VAT
number of supplier
Client Example ABCD
Road 304
12345 Lagoa
Client Example ABCD Road 303 12345 Lagoa
Description and quantity of
goods or service
Performance or delivery date
Date of issuing the invoice
Sequential invoice number
Name and address of
client (invoice recipient)
Name and address of
supplier
http://www.algarve-taxsolutions.com/
-
Parque Empresarial de Lagoa, Edifício Paris, Bloco 1, Loja 7, Lagoa 8400-431 - Algarve, Portugal Tel: (+351) 282 476 160 – Fax: (+351) 282 476 617
Email: [email protected] / Skype: algarvetaxsolutions/ www.algarve-taxsolutions.com Contribuinte nº 508 043 140 – C.R.C. PTM nº nº 508 043 140 – Cap. Social: €5.000,00
6 Invoice Example: EU Intra-Community Delivery
Example Company Ltd Sample street 101 London SW1 78A United Kingdom
GB123456789
Delivery address:
Please note
In case of a VAT-free intra-community delivery to a business client in another EU country the valid VAT ID no. of the client is
required as well as a certificate (e.g. CMR freight forwarding bill) as proof that the goods were received in the other EU
country.
Invoice no. Delivery Date Date
1 13/01/2016 14/01/2016
Description Quantity Price Value (€)
Cartridge for HP 111 black
Highlighter yellow
Highlighter green
EU intra community delivery
according to art.º 14 RITI
2
3
3
19,99
1.49
1.49
39.98
4.47
4.47
VAT Rate 0%
Net Amount 48,92
VAT Amount 0
Total Amount 48.92
VAT rate, net amount, VAT
amount and total (gross)
amount
Name and address of client
(invoice recipient) and the
VAT ID no. of the client
Tax number or VAT
number of supplier
Client Example EFGH Rota de rota 3 10020 Milano, Italy IT123456789
Client Example EFGH Rota de rota 3 10020 Milano, Italy IT123456789
Description and quantity of
goods or service
Performance or delivery date
Date of issuing the invoice
Sequential invoice number
Name and address of
supplier
http://www.algarve-taxsolutions.com/
-
Parque Empresarial de Lagoa, Edifício Paris, Bloco 1, Loja 7, Lagoa 8400-431 - Algarve, Portugal Tel: (+351) 282 476 160 – Fax: (+351) 282 476 617
Email: [email protected] / Skype: algarvetaxsolutions/ www.algarve-taxsolutions.com Contribuinte nº 508 043 140 – C.R.C. PTM nº nº 508 043 140 – Cap. Social: €5.000,00
7 Invoice Example -Export to Third Country
Example Company Ltd Sample street 101 London SW1 78A Great Britain
GB123456789
Delivery address:
Please note
In case of a VAT-free export delivery to clients in non-EU countries, the delivery has to be declared at the Portuguese
customs (therefore a so called EORI registration is required) and the document called “…” is necessary as proof for the tax
office.
Invoice no. Delivery Date Date
1 13/01/2016 14/01/2016
Description Quantity Price Value (€)
Cartridge for HP 111 black
Highlighter yellow
Highlighter green
Export delivery according to
Art.º 14 of CIVA
2
3
3
19,99
1.49
1.49
39.98
4.47
4.47
VAT Rate 0%
Net Amount 48,92
VAT Amount 0
Total Amount 48,92
VAT rate, net amount, VAT
amount and total (gross)
amount
Name and address of client
(invoice recipient)
Tax number or VAT
number of supplier
Name and address of
supplier
Client Example EFGH Rue de exemple 12 1000 Geneva, CH
Client Example EFGH Rue de exemple 12 1000 Geneva, CH
Description and quantity of
goods or service
Performance or delivery date
Date of issuing the invoice
Sequential invoice number
Name and address of
supplier
http://www.algarve-taxsolutions.com/
-
Parque Empresarial de Lagoa, Edifício Paris, Bloco 1, Loja 7, Lagoa 8400-431 - Algarve, Portugal Tel: (+351) 282 476 160 – Fax: (+351) 282 476 617
Email: [email protected] / Skype: algarvetaxsolutions/ www.algarve-taxsolutions.com Contribuinte nº 508 043 140 – C.R.C. PTM nº nº 508 043 140 – Cap. Social: €5.000,00
8 Invoice-Example-EU-Service
Client Example ABC Avenida Marques Pombal 101 Lisbon 1600-201 PT123456789
Delivery address:
Invoice no. Delivery Date Date
1 13/01/2016 14/01/2016
Description Quantity Price Value (€)
VAT Representations Services
VAT Return
EU intra community delivery
according to Art.º6 – Reverse
Charge
Please note certain services
mat be taxed in Portugal
1
1
300.00
250.00
300.00
250.00
VAT Rate 0%
Net Amount 550.00
VAT Amount 0
Total Amount 550.00
VAT rate, net amount, VAT
amount and total (gross)
amount
Name and address of client
(invoice recipient) and the
VAT ID no. of the client
Tax number or VAT number
of supplier
Client Example EFGH Rota de rota 3 10020 Milano, Italy IT123456789
Client Example EFGH Rota de rota 3 10020 Milano, Italy IT123456789
Description and quantity of
goods or service
Performance or delivery date
Date of issuing the invoice
Sequential invoice number
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