Joaquim Miranda Sarmento, during a parliamentary hearing, also rejected claims that the State is gaining tax revenue from VAT following the rise in diesel and petrol prices.
VAT reduction on food would be 'captured by producers and distributors', says Finance Minister
Tuesday, 31 March 2026RSS
Context & Explainers
VAT is Value Added Tax (Imposto sobre o Valor Acrescentado), a consumption tax charged at each stage of production and sale; the standard mainland rate in Portugal is 23%. Parliamentary proposals to cut VAT on bottled gas from 23% to 6% would directly reduce consumer prices if approved.
