Invoicing in dollars or pounds: rate, VAT and receipt
A foreign client wants to pay in dollars? You can invoice in a foreign currency - but the value counts in euros, and VAT always goes in euros.
Everything you need to know about invoicing, VAT and Social Security in Portugal.
Ask for a deposit before starting? Great for cash flow - but the VAT becomes due the moment you're paid. How to invoice the advance and settle up at the end.
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A foreign client wants to pay in dollars? You can invoice in a foreign currency - but the value counts in euros, and VAT always goes in euros.
That odd code and the QR square on the invoice aren't decoration - they're the ATCUD and QR code, required by law. What they are, since when, and what to do.
Do you have to buy an invoicing program? Not always - the Portal das Finanças is the AT's free application. When certified software is mandatory.
Charging €20/hour and think it's good? After taxes, costs and unbilled hours, you keep far less. The formula to set the right price - everything included.
€1,000 invoiced isn't €1,000 in your pocket. See the bites - VAT, withholding, Social Security and income tax - and how much you actually keep.
The advance payment (pagamento por conta) is category B IRS paid upfront in 3 instalments: what it is, who pays, how it is calculated and how to reduce it.
The Anexo SS links your IRS to Social Security and declares your contracting entities. It's what measures your economic dependence - which can require a client of yours to pay a contribution and counts towards the cessation-of-activity benefit. A clear guide.
It's the 'unemployment benefit' for economically dependent freelancers: if your main client lets you go, you may be entitled to Social Security support. Who qualifies, how much, and how to claim.