IVA dedutível
IVA dedutível (deductible VAT) is the input VAT a business can offset against the output VAT charged to its customers, reducing its net VAT liability. In Portugal, deductibility follows CIVA Art. 19–26; expenses must be necessary for the business activity and properly documented.
What it means
When your business buys goods or services and pays 23 % IVA, that amount can be deducted from the VAT you collect on sales — as long as the purchase is related to your taxable activity and backed by a valid invoice. Mixed-use purchases (e.g. a phone used 60 % for work) are partially deductible under CIVA Art. 23.
Practical implications
Faturium captures IVA from OCR'd receipts and bank-imported statements at ingestion time. Each line is flagged with a deductibility status (full, partial, or zero) based on the vendor category. Your accountant receives a monthly report grouped by VAT rate and deductibility, ready for the periodic VAT return (DP-IVA).
Primary source
CIVA — Código do IVA Art. 19–26