Inventory Communication to AT in 2022

Inventory Communication to AT in 2022

 

Who is required to Report Inventory of Stocks?

It is mandatory to proceed with the communication of the inventory with the Finances. This obligation applies to entities: 

Singular or collective

With organized accounting

Head office, permanent establishment, or tax domicile in Portugal

With a turnover of more than 100,000 (one hundred thousand) euros in the previous year.

Out-of-stock companies are exempt from reporting inventory. They should just declare this situation on the electronic invoice portal.

 

What is the delivery time of the stock?

If the tax period coincides with the calendar year, the inventory file must be submitted by January 31 of the following year. In this case, you should report the inventory from 2018 to 01/31/2019.

If the period does not coincide with the calendar year, the inventory must be communicated by the end of the month following the date to which the end of the period refers. For example, if the fiscal period starts on April 30, 2018, the stock must be reported to AT by May 31, 2019.

Failure to meet the deadlines set by the companies will be subject to a fine ranging between 200 (two hundred) and 10,000 (ten thousand) euros.

 

What elements should be included in the inventory communication?

The following elements are mandatory.

Tax Identification Number

Taxation period to which the inventory refers

Inventory reference date (must correspond to the end of the tax period)

File with inventory table (with identification of each product according to the information structure provided by AT)

Inventory Table Structure (according to AT)

The following picture shows an example of the inventory. The file type can be either .csv or .xml format. 

Product Category

M – Goods;

P – Raw, subsidiary, and consumable materials;

A – Finished and intermediate products;

S – Sub-products, waste, and scrap;

T – Products and work in progress.

Note: Goods in transit, sent on consignment, and held by third parties are part of the inventory.

Out-of-stock items are excluded.

Product Code - if it exists, the product's EAN (or the same information as the “Product Number Code”) must be used.

Product Description - Name of the Product

Product Number Code - same as in the SAF-T file. 

Closing Stock Quantity - quantity of final existence; 

Unit of Measure - the unit of measure.

You can download a sample of the Inventory by clicking the link below.

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Congratulations!

 

 

         

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For more information, please contact us.

(Author)

Raj Don