What information must be declared in the myDATA portal?
All revenue documents, such as accounts receivable invoices, must be reported and classified by the issuer in real time.
These will be classified by the receiver before the maximum VAT reporting period (last day of the following month). In addition to classifying the expense, the receiver will report it if the issuer has not declared the income.
The necessary entries must be transmitted to determine the annual accounting and tax results, up to the sixth month following the end of the fiscal year.
Payroll must be submitted within the deadline of the withholding tax return.
myDATA - IAPR e-Books
The myDATA portal sets up two electronic accounting books with the declared information.
The books are checked against the VAT returns by the IAPR. Taxpayers will have 2 months to correct any discrepancies that may be detected, and thus avoid tax audits.
EDICOM Solution - myDATA