The Ministry of Finance decided to postpone for one week (until the next day 6), the deadline for companies that have a turnover of more than 100,000 euros to report to Finance their inventories for the end of year 2014.
“However, as of today (Friday), most companies have already performed the communication of the inventories, the Secretary of State for Fiscal Affairs, Paul Nuncio, issued the order in which states that, exceptionally, the term to comply with the inventory reporting obligation is extended to February 6, 2015, without any additions or penalties “, said a statement issued by the ministry.
The requirement that companies include in their inventory accounts on the end of the year to which they relate was among the accounting standards in force in Portugal, but in the State Budget for 2015 the Government determined that the recording of stocks are communicated electronically to the Tax and Customs Authority.
The Secretary of State further determined that, during the month of February, the bid Authority action a nationwide action of physical verification, by count, of goods held in inventories reported by enterprises. “
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