- Portugal’s draft budget law for 2024 includes various tax measures
- Proposed changes to Portuguese VAT legislation would affect VAT rates and exemptions
- Law No. 56/2023 applies the reduced VAT rate to services related to construction or rehabilitation of certain immovable property
- VAT exemptions for cultural services and goods used in agricultural activities
- Intermediate VAT rate for certain beverages supplied through food and beverage services
- Refund of VAT on certain expenses for travel agencies
- No extension of VAT exemption for certain food products
- Increase in IABA rates for alcoholic beverages and drinks with added sugar
- Progressive taxation of certain petroleum and energy products
- Tax on liquid without nicotine in containers for electronic cigarettes
- General increase in ISV rates for vehicles
- Changes to calculation of single circulation tax for older vehicles
- Law No. 56/2023 applies reduced VAT rate to certain construction and rehabilitation contracts
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
