On October 31, 2018,Decree-Law no. 87/2018 was published, which aims to simplify the completion of Annexes A and I of the IES - Simplified Business Information.

The simplification of the completion of these two annexes of the IES will be done with the data extracted from the standard file of tax audit called SAF-T (PT).

It is planned to implement this decree in three phases:

1ª Phase – Starting in November of 2018, for taxable persons who are obliged to deliver the IES in the second half of 2018, if the declaration refers to the year 2018. This situation is intended for companies that cease activity between July and December 2018;

2ª Phase – Directed to HEIs for the full period of 2018, to be delivered in 2019;

3ª Phase – Extend simplification to other IES Annexes.

Waiting for a transitional regime

However, dates are still unknown.

This Order, of the members of the Government responsible for the area of Finance, by the National Statistics Institute, and by the Justice and Economy, will define the terms of the restructuring, completion and subsequent submission of the IES / Annual Statement of Account Information and TA (tax authority).

In the same order, it is expected that the existence of a transitional regime will be ensured in order to ensure that the Liabilities and their Certified Accountants have an adequate period of time to adapt their systems to the structure of the new declaration.

We are available to clarify any situation that you deem pertinent through the contact 808 200 114 or info.pt@widepartner.com.

What changes with the new IES submission form?

In order to simplify the completion of Annexes A and I of this declaration, concerning the accounting elements of companies, there will be:

• A pre-completion of the annexes with data extracted from the SAF-T (PT)
• The tables and fields of the previous forms will be deleted where the information can be obtained through SAF-T (PT), facilitating the submission of the declaration by taxable persons obliged to deliver it and access to the accounting records of companies by entities to whom the information must be legally provided.
• The fulfillment of this declarative obligation, the IES, will be dependent on the previous submission of the standard file of tax audit, SAF -T (PT), regarding the accounting, the Tax and Customs Authority and its validation, without which it will not be possible later of IES / DA.

For the first time, the Tax Authority will build the financial statements (Balance Sheet and Profit and Loss Statement) in an automated way and for this it will be mandatory to submit the file SAFT-PT 1.04 extracted from the accounting programs or integrated Accounting and Management solutions, as is the case with SAGE applications.

Widepartner recognizes the importance that SAF-T (PT) audit files represent for accounting processes of companies, namely in the automatic completion of Simplified Business Information (IES).

In this sense, we are available to clarify your doubts about the implementation, parameterization and updating of your SAGE management program. To do so, simply submit your support request at https://wall.widepartner.com/

We will communicate by the usual means, as soon as they are made available by SAGE, the new versions that will implement the rules proposed by AT.