Tag - Portugal

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Portugal - Tax Burden Shrinks

For the first time since 2012 the tax burden in Portugal shrank by 0.2 of a percentage point last year according to the National Statistics Institute (INE). In fact, its absolute nominal increase was less than that of GDP...

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Portugal - Food and beverages VAT updates

The 2017 Budget has been approved and included a number of VAT changes...

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Portugal - VAT rate reduction for restaurants

Recently it was announced that the reduced VAT rate of 13% will apply to restaurant services from 1st July 2016...

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Portugal - Denies reports of a VAT rise for farm machinery

Portugal's Ministry of Agriculture, Forestry, and Rural Development has denied reports that the value-added tax (VAT) rate on agricultural machinery will increase from 6% to 23%...

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Portugal - Could cut the VAT rate on restaurants

Portugal's Council of Ministers has approved a "responsible" draft Budget for 2016...

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Portugal - VAT on restaurant food to decrease

Socialist Party leader António Costa has taken office as Portugal's new prime minister and has promised to loosen the shackles of the country's fiscal consolidation program by reversing some of the austerity measures introduced by his predecessor...

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Portugal -– Azores VAT rates reduced

New VAT rates were applied to the Autonomous Region of the Azores...

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Portugal -– Socialist Party pledge to reduce restaurant VAT

The opposition Socialist Party (PS) has pledged to cut the VAT on items sold in restaurants and cafes by 10% if the party is voted into power at the October general elections...

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