- PS proposes permanent zero VAT on essential food items
- Selective tax reductions for families and businesses
- No broad tax cuts planned
- Zero VAT was previously implemented to help with high inflation
- Monitoring to ensure profit margins do not negate consumer benefits
- Reduced VAT on electricity for consumption up to 6.9 KVA
- IUC reduction of at least 20 percent for medium-sized vehicles registered after July 2007
- Focus on intelligent, selective fiscal policy for balanced income distribution and investment stimulation
- Introduction of “Year Zero” for young people entering the workforce to benefit from IRS exemption without losing the first year
- Criticism of previous government’s tax measures favoring a minority
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.
