Deadline is ending: Do not forget to validate the IRS invoices. Learn how to do it

Taxpayers have until February 25 to validate and confirm invoices related to expenses made in 2023. The Tax Authority (AT) reinforces the importance of this procedure, since the correct validation of invoices can influence the amount of deductions in the IRS 2024.

Expenses should be validated through the Finance Portal, in the E-Factment section, where taxpayers can verify that all purchases made throughout the year have been correctly associated with the respective NIF and the corresponding category.

Deadline to validate invoices on the finance portal about to finish, know how to guarantee tax deductions before the IRS delivery.

Who should validate the invoices?

The recommendation applies to all taxpayers wishing to benefit from tax deductions associated with health, education, housing, homes, dependents and general benefits of consumption.

The OT also underlines that those who exercise business and professional activity must affect the corresponding expenses to correctly fit into the applicable tax regime.

How to validate the invoices?

The process can be done onlinefollowing these steps:

1. Access to FINANCE PORTAL and enter the section e-start;
2. Verify that all invoices are correctly associated with the NIF of the holder and the corresponding expense category;
3. If there are outstanding invoices, validating and associating them with the correct category;
4. For those who exercise business or professional activity, confirm the affectation of personal and professional expenses.

What happens next?

Upon the termination of the validation period, it offers, until March 15, the amount of deductions to the collection calculated based on the registered expenses. Taxpayers will then have until March 31 to contest the values ​​if they detect discrepancies.

The submission of the IRS Annual Declaration runs between April 1 and June 30, being mandatory for all workers due to others, independent and pensioners, except for taxpayers covered by the dismissal regime.

Intempted validation of invoices is essential to prevent the loss of tax benefits and ensure that all eligible expenses are correctly considered in the tax settlement.

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