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‘IVAucher’ is the name given by the Government to the “program of support and promotion of consumption in the sectors of accommodation, culture and restoration”, which appears in the proposed State Budget for 2021.
Thus, in 2021, the Government intends to have a “temporary program to support and stimulate consumption in sectors strongly affected by the Covid-19 pandemic.” This mechanism, explains the Executive in the provisional document, will allow consumers to accumulate the value of the total VAT disbursed in the accommodation, culture and restaurant sectors, during a quarter, and then deduct that amount, during the following quarter, in expenses. in these same activities.
The tax in question will be calculated from the amounts contained in the invoices communicated to the Tax and Customs Authority (TA) through the electronic invoice. And the use of the accumulated value is made through immediate discount on consumption, “which assumes the nature of co-payment and operates through interbank clearing through the entities in charge of processing electronic payments that ensure the technical services of the clearing and settlement system ( SICOI). Banco de Portugal in the context of processing bank card transactions ”, details the preliminary version of the executing agency for next year.
Furthermore, the adherence of consumers to ‘IVAucher’ depends on “their prior, free, specific, informed and explicit consent to the treatment and communication of the data necessary for its operation.
The Government also warns that the Tax Authorities cannot access, directly or indirectly, any data of a banking nature under the ‘IVAucher’ program, “with the exception of the processing strictly necessary to present to the consumer the movements and balances of the use of the benefit in the AT channels, although this treatment ensures that the data is neither stored by AT nor accessible ”. The same occurs with the entities in charge of processing electronic payments in relation to AT’s tax information relating to consumers and merchants, “with the exception of the result of the calculation of the benefit for the purposes of its use.”
It should be noted that the value of VAT that is discounted can no longer be deducted from IRS collections, particularly with regard to the 15% discount on VAT incurred in certain sectors of activity (including restaurants).
