Portugal VAT rate increases
Friday July 16, 2010
The Portuguese Government yesterday approved the VAT rate increases in Portugal from 1st July 2010.
The revised rates are:
- the new standard rate is 21% (previously 20%)
- the new reduced rates are 6% (previously 5%) and 13% (previously 12%). The goods and services to which the reduced rates apply have not changed.
The new rates for Madeira and the Azores are 15% (standard rate) and 5% and 9% (reduced rates).