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Portugal’s VAT Rate Reduction for Housing Construction and Tax Updates on Non-Alcoholic Beverages

  • Portuguese government plans to temporarily reduce VAT rate to 6% for housing construction and renovation projects
  • Approval from parliament required for the change
  • Updated guidance on taxation of certain non-alcoholic beverages published on 14 May 2024
  • Updates include changes to tax payment deadlines and applicable tax rates

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.

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