Portugal’s finance minister, Joaquim Miranda Sarmento, has dismissed the possibility of reducing IVA (VAT) on certain food products to help families through the current economic crisis, saying it would be The post Lowering IVA on essential foods? Still a ‘no’ from government appeared first on Portugal Resident.
Lowering IVA on essential foods? Still a ‘no’ from government
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.
