The state is missing with some companies and smaller are resent.

Portuguese companies, particularly micro and small, are experiencing difficult times due to lack of payment of VAT by the state. The warning was made by the president of the College of Accountants, Azevedo Domingues, who reveals to the newspaper i the debt is between 150 and 170 million euros.

The official also ensures that the origin of this situation is the fact that the government has tried to improve the budget execution released last week.

Some companies are more than eight months to receive the value that belongs to them, and the processes are dragging by the Tax Authority. Finance Minister’s office Source warrants to i newspaper that some cases are dismissed by disagreements in the process. “In other words, they are refused refunds when their value does not match the amount of the invoices submitted to the system e-invoice”, explains, and from that moment there are difficulties in continuing, quickly, to the process.

Moreover, despite the problems of invoices, companies that are in compliance with IRC or VAT taxes do not get a refund, unlike last year.

In addition to the president of the College of Accountants, the Technical Unit of Budget Support (UTAO) revealed in the latest report, that “the VAT revenue stood significantly higher than that observed for the respective macroeconomic base”, which explains the values the payment.

[Source]