On 1 January 2026, VAT celebrated 40 years of application in Portugal. When I began studying taxation, sometime in 1993, VAT was the most fascinating to me (if taxes can be fascinating...) because of its novelty, simplicity and the technique of its application. I was also fortunate to have as a professor, ...
Congratulations to VAT
Monday, 2 February 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.
