Financial Reporting Requirements in Portugal: Understanding the Submission Process and Fees

As a company operating in Portugal, it is essential to understand the financial reporting requirements and submission process. This includes submitting annual accounts, which include accounting, tax, and statistical information, to the Annual Accounts Database (BDCA).

Service Channels for Financial Reporting

Companies can choose from various service channels to submit their financial reports:

• Online Submission: Requesting a certificate of annual accounts online is more cost-effective than visiting a service desk.
  • Price: €5 for one year to €10 for four years
• Paper Certificate: Requesting a paper certificate incurs an additional fee of €55.

Annual Subscription and Access Fees

Access to the BDCA requires an annual subscription, with costs varying based on the number of accesses desired per year:

• Up to 5,000 accesses: €3,500 per year
• Up to 200,000 accesses: €240,000 per year

Requesting a Certificate of Annual Accounts

To request a certificate of annual accounts, companies must:

1. Access the ePortugal portal
2. Provide essential information:
   • Name
   • NIF (Tax Identification Number)
   • Email address
   • Mobile phone number
   • Company NIPC (National Registry of Companies and Limited Liability Companies)
   • Financial year

The certificate can be obtained in either Portuguese or English.

Alternative: Subscribing to the Annual Accounts Database

An alternative to requesting a certificate is to subscribe to the BDCA for a period of one year. To do so, companies must:

1. Complete the Business Statistics form
2. Provide information:
   • Name
   • Email address
   • Cell phone number

Important Reminders

• Familiarize yourself with Portugal’s financial reporting requirements to avoid potential penalties or fines.
• Ensure you comply with all regulatory obligations to maintain good standing in Portugal.

By understanding the financial reporting requirements and submission process, companies can ensure compliance with regulations and avoid any potential issues.