VAT

The Bank of Portugal has warned that reducing taxes through VAT cuts is not the best or only way to foster wealth redistribution in society and that other tax measures need to be included in the [...]

A government bill which would have reduced VAT on construction projects for affordable housing to 6% has been rejected by the Portuguese parliament. The measure was part of other measures [...]

Contracts signed with Portugal’s Institute for Housing and Urban Regeneration (IHRU) have guaranteed that properties done up under the regime will be eligible for a lower VAT rate of 6% It means [...]