- Regional Legislative Decree No. 6/2024/M approves the budget law of Madeira for 2024
- The reduced VAT rate in Madeira will decrease from 5% to 4% starting on October 1, 2024
- The decision to lower the tax rate is to promote economic growth and provide financial relief to consumers and businesses
- The standard and intermediate VAT rates in Madeira (22% and 12%) remain unchanged
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.
