- Government presents new proposal to lower VAT on construction to Parliament
- Finance Ministry preparing new law proposal after rejection in State Budget
- Aim is to decrease VAT and increase housing supply for middle class
- Proposal to reduce VAT from 23% to 6% for construction to be debated in Parliament
- Opposition rejected previous proposal in Budget for 2025
- Municipalities request 6% VAT for construction in rehabilitation areas
- Proposal aimed to authorize legislation on reduced VAT for construction projects
- Limits on VAT reduction for housing construction to be determined
- Focus on affordable housing for middle class
- Government open to dialogue in parliamentary context
- Proposal designed to increase housing supply for middle class
- Legal formulation being worked on to achieve objective of more housing for middle class
Source: jornaldenegocios.pt
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.
