Portuguese VAT rate to increase?

The Portuguese Government has drafted legislation to increase the standard rate of VAT in Portugal with effect from 1 January 2015 was submitted to parliament. The proposed standard rates of VAT will be as follows:

  • Mainland: from 23% to 23.25%;
  • Madeira: from 22% to 22.25%;
  • Azores: from 18% to 18.20%.

The VAT rate increase by parliaments can be left to the last moment, and therefore your clients need to be prepared to implement changes with short notice.

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