The inventory report for 2022 must be made until 31 January 2023. Also from 1 January 2023, the communication must indicate the final stock quantity for the period to which it reports quantity in stocks, as well as the respective valorisation.
If companies fail to meet the stipulated deadlines, they are liable to a fine of between 200€ e 10.000€if you are subject to IRS, and between 400€ e 20.000€ if it's a partnership.
Stock inventory is the system of identifying, classifying and counting products in storage. Basically, it's a list of products and materials available at any given time. These products can be stored on the company's premises or outside, in distribution centres or other owned or leased premises.
Who has to report the Inventory?
Since 2015, reporting inventories to the Tax Authority has been mandatory for the following companies, in accordance with article 3 of Decree-Law 198/2012 of 24 August:
- Individual or collective;
- With organised accounts;
- With registered office, permanent establishment or tax domicile in Portugal.
However, since 1 January 2020, there have been exceptions to the obligation to submit this document, namely natural or legal persons to whom the simplified taxation regime applies, in the year to which the inventory relates, regardless of the value of the turnover.
If you don't have any stock but fulfil the requirements for submitting an inventory, you can declare on the e-invoice website that you don't have any stock ("I don't have any stock" option, followed by "Submit").
What is the deadline for submitting the Inventory?
The deadline for communicating the inventory to the Tax Authority is the following day 31st January of the following year, if the tax period coincides with the calendar year. If the period does not coincide with the calendar year, the inventory must be communicated by the end of the month following the date on which the period ends.
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