International VAT News

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).

Portugal

Tuesday June 1, 2010

Portugal has announced measures as part of a new austerity plan.  These include an increase of 1 percentage points on all VAT rates.  Current rates are 20%, 12% and 5%.  So the new rates will be 21%, 13% and 6%.

More detailed information is expected shortly.