Effective from the 1st of July 2016, the VAT rate on certain restaurant and cafe services in Portugal will return to the pre-crisis rate of 13% (down from its current rate of 23%) for the first time since 2012. This is in line with the post-austerity policies of Antonio Costa’s [...]
A draft law to increase the standard rate of VAT in Portugal from 1 January 2015 was submitted to parliament this year. With the deadline drawing closer the Portuguese parliament will need to decide whether or not to implement this rise. The proposal would seek to the increase the standard [...]
The Portuguese tax authorities have increased in the standard VAT rate applicable in the Azores from 16% to 18%. The Azores intermediate rate also increases from 9% to 10% and the reduced rate from 4% to 5%. The new rates are effective from 1 January 2014.