The chairwoman of Sonae, which closed last year with record sales of over 11 billion euros, argued this Thursday for the adoption of measures similar to those implemented in 2022, at the start of the war in Ukraine, to cushion the impact of rising prices for consumers. “Zero VAT obviously...”
"Obviously we like the zero VAT very much". The State must play "its role" to mitigate the price shock, says owner of Continente
Thursday, 19 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.
