A reduction in VAT rates for certain products and services was applied at the beginning of 2023. According to the latest news, the extension will be granted until the end of the year.
VAT updates in Portugal
Public
Portugal
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
508
Content accuracy validation date:
04.10.2023
Content accuracy validation time:
08:19h
More precisely, Portuguese Prime Minister Antonio Costa announced an extension of the application of the temporary 0% VAT rate (zero-rate) on a basket of essential food products to help mitigate the extraordinary increase in food prices. The Portuguese government approved as a temporary measure the zero VAT rate (with the right to deduct) on a list of essential food products. The zero VAT rate will apply both for imports and domestic supplies made in Portugal from April 18 to October 31, 2023 (now extended until December 31). The list of products included in the temporary 0% VAT rate corresponds to healthy essential foodstuffs, such as vegetables, fruits, oils, fish, and meat.
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