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Key VAT Updates in Portugal’s State Budget Law for 2025

  • Extension of VAT exemptions for fertilizers, soil improvers, and animal feed until December 31, 2025.
  • PDF invoices recognized as equivalent to electronic invoices until December 31, 2025.
  • Deduction rights for VAT on bicycle-related expenses and reduced VAT rates for specific products and services expanded.

Source EY

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