The file for communicating companies’ inventories to the Tax Authority (AT) has been changed, with new characteristics and structure as of January 1, 2020. The new rules apply to communications of inventories for the tax periods of 2019 and following years , according to the ordinance published and signed by the Secretary of State for Tax Affairs, António Mendonça Mendes.

The government official justifies the need for this change in the file by reinforcing the control of transactions carried out by taxable persons with a view to combating the informal economy, fraud and tax evasion. The valued inventory must be communicated to the Tax and Customs Authority by January 31, by electronic data transmission. The published ordinance changes the structure and characteristics of the file for the communication of inventories by taxable persons to the AT, in order to include information related to the valuation of the inventory.