• We fixed a problem that caused an error when editing the Currency field from a null value to any other value.

• We fixed a problem that caused the Invoice page to freeze if invoices had too many lines.

Effective July 1, 2025: The PT100 VAT Return will be removed from active use in the system. While access to previously created return cards will be available, users will no longer have the option to create new cards or generate this report.

Required action: Starting July 1, 2025, the PT VAT Return Continente report must be used instead of the PT100 report.

Specific Instructions for Configuring Credit Notes for PT VAT Return - Continente

In the Portuguese VAT system, credit notes are generally reported using the netting-out method. This means that if a credit note is issued within the same tax period as the original invoice, the VAT adjustment is made by reporting the net amount in the same fields of the VAT return as the original transaction.

According to the official instructions and applicable legislation, if a VAT taxable transaction is cancelled or reduced, the issuance of a credit note indicating the tax must occur before the tax assessed has been included in the periodic declaration and the declaration has been sent. In this case, the taxable person must only settle the VAT for the value of the initial taxed transaction, net of the cancellation or reduction transaction, and not make any VAT adjustments (namely in boxes 40/41).

If the adjustment is made after the original transaction was declared in the VAT return, the adjustment must be reported in Boxes 40 and 41 of the VAT return. If the tax assessed has been included in the tax return and the return has been sent, the taxable person should make the VAT adjustment in one of the designated boxes:

• Box 40: For adjustments related to sales (in favor of the taxpayer)

• Box 41: For adjustments related to purchases (in favor of the State)

Currently, in Sovos VAT Filing solution, the PT-Continente, PT-Madeira and PT-Azores returns follow this method for reporting credit notes.

Box 40 - Regularizations in Favor of the Taxpayer

• 165004PT-Sale-O-SR-Credit Note: Regularization in Favor of the Taxpayer per CIVA Article 78 Section 2

• 165005PT-Sale-O-SR-Credit Note: Regularization in Favor of the Taxpayer per CIVA Article 78 Section 3

• 165006PT-Sale-O-SR-Credit Note: Regularization in Favor of the Taxpayer per CIVA Article 78 Section 6

• *PT165507-Purchase-O-SR-Credit Note: Regularization in Favor of the Taxpayer of Intra-community purchase of trade goods

Box 41 - Regularization in Favor of the State

• PT165004-Purchase-O-SR-Credit Note: Regularization in Favor of the State per CIVA Article 78 Section 3

• PT165005-Purchase-O-SR-Credit Note: Regularization in Favor of the State per CIVA Article 78 Section 4

• PT165006-Purchase-O-SR-Credit Note: Regularization in Favor of the State per CIVA Article 78 Section 6

• *PT165007-Purchase-I-SR-Credit Note: Regularization in Favor of the State of Intra-community purchase of trade goods

Except for the VAT codes on Intra-community purchases (signaled with *), each VAT code indicates the legal article under which the VAT regularization is carried out. This lets the solution report the transaction to boxes 40/41 of the main return and automatically fill out the mandatory Annexes to Boxes 40/41.

If you want to report credit amounts on transactions reported in previous tax periods, which must be reported in Boxes 40/41 and respective annexes, use the preceding VAT codes.

For the VAT codes with regularization of intra-community purchases, the user must provide an InvoiceCorrectionType, identifying the legal basis for the VAT adjustment. Refer to the Credit Note Configuration for Portugal VAT Reporting document for more information.

For other credit amounts related to transactions reported within the same tax period, as a rule, the corresponding VAT codes will report these amounts in the same fields of VAT return as the related debit amounts.