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Validating invoices throughout the year is an important step in ensuring that expenses are correctly considered in your annual Personal Income Tax (IRS) return. Small errors, unclassified invoices or missing expenses can affect the amount of tax deductions and, consequently, the tax payable or refund received.
Regularly checking the e-Fatura platform allows you to identify these issues in advance and avoid last-minute corrections.
Why is it important to validate invoices?
Not all invoices are automatically assigned to the correct category. Some may remain pending validation, particularly when the business issuing the invoice operates in several economic sectors.
In these cases, taxpayers must confirm the nature of the expense to ensure it is included in the appropriate category, such as healthcare, education, housing or general household expenses.
Incorrect classification may prevent certain expenses from being considered for the tax deductions to which the taxpayer is entitled.
When reviewing your invoices on the Portuguese Tax Authority's portal, it is important to confirm that all expenses are registered, that the Tax Identification Number (NIF) is correct and that invoices are properly classified.
You should also check for pending invoices and, when necessary, associate medical prescriptions with healthcare expenses subject to the standard VAT rate.
Self-employed professionals must also distinguish between personal expenses and those related to their professional activity.
What is the deadline for validating invoices?
As a general rule, invoices must be validated by the end of February of the year following their issue, according to the applicable tax calendar.
However, there is no need to wait until the end of the year. Regular validation allows you to monitor expenses, identify missing information and ensure that your records remain up to date.
How can you avoid losing tax deductions?
Keeping invoices organised and regularly checking e-Fatura helps reduce the risk of errors when calculating IRS deductions.
It is also important to verify expenses reported by other entities, such as tuition fees, rent or certain healthcare costs, which may not appear directly in the usual e-Fatura section.
Reviewing this information in advance contributes to a more accurate IRS return and helps ensure that eligible tax deductions are correctly applied.
Need Help Validating Your Invoices?
At Aldeia Fiscal, we help you review expense classifications, identify potential errors and understand the procedures required to ensure your tax deductions are correctly considered.
Contact us and prepare your IRS return with greater confidence and peace of mind.
