Finance: Fuel tax news in Portugal

Carneiro says the PS was the first to advocate for a reduction in fuel VAT

PS Secretary-General José Luís Carneiro stated on Monday, September 14, that the Socialists were the first to propose reducing VAT on fuel. He was responding to comments from Chega leader André Ventura, who challenged him to support a reduction from 23% to 13%. Carneiro insisted that the PS had already submitted such proposals to the Assembly of the Republic, which were previously blocked by the AD, Chega, and the Liberal Initiative, and he questioned whether Chega would support the PS's own proposals.

6 PM: Chega wants to lower VAT on fuel

The Chega party proposes a reduction in the Value Added Tax applied to fuels.

Portugal rules out further fuel tax cuts

Hugo Soares accuses José Luís Carneiro of living 'in the past' and rejects VAT cut on fuel

The PSD secretary-general accuses the PS leader of being 'spoilt' by the times when, he claims, the António Costa government benefited from increased tax revenues generated by rising prices. Rejecting the socialist proposal to reduce VAT on fuel, Hugo Soares argued that support should continue to be provided through the ISP.

Ventura accuses Government of 'theft' on fuel by charging 'illegal tax'

Ventura described this situation as 'deplorable'.

Illegal fuel tax yields over 700 million for Infraestruturas de Portugal

A surcharge on fuel, deemed illegal, has generated more than 700 million euros in revenue for the state-owned company Infraestruturas de Portugal.

Jornal de Notícias24 Aug

10 PM. Ventura refuses to apologise regarding the frigate deal

At issue are the accusations made by the Chega leader and MP Pedro Frazão regarding the purchase of three frigates from an Italian shipbuilder. Additionally, the Government will increase the ISP discount next week.

AEP takes 20 national companies to Angola's largest business fair

The Portuguese Business Association (AEP) is leading a delegation of twenty Portuguese companies to the 41st Luanda International Fair (FILDA), taking place from July 21 to 26 in the Luanda-Bengo Special Economic Zone. The initiative is coordinated with AICEP and the Portugal-Angola Chamber of Commerce and Industry (CCIPA). The delegation includes companies from various sectors such as industrial machinery, food production, software, and textiles, aiming to explore internationalization opportunities. The event, themed 'Produce and innovate locally, win globally,' highlights the focus on local value chains. Additionally, AEP president Guerra has requested that the government extend the fuel tax (ISP) discount to support businesses and families.

Government accused of using Middle East crisis to boost fuel tax revenues

Portugal’s Socialist Party (PS) has accused the government of turning the Middle East conflict into “a fiscal opportunity”, claiming it has allowed motorists to shoulder higher fuel taxes while benefiting The post Government accused of using Middle East crisis to boost fuel tax revenues appeared first on Portugal Resident.

Government admits end of ISP discount following Middle East crisis

The Government admits to eliminating the discount on the ISP (fuel tax) as soon as the crisis in the Middle East stabilises.

11am Discount on ISP is set to end

The fuel tax discount (ISP) is scheduled to be discontinued.

Azores Government to apply fuel tax reduction

Home News Azores Government to apply fuel tax reduction Azores Government to apply fuel tax reduction The Government of the Azores has introduced targeted measures to counter surging fuel prices, lowering the Tax on Petroleum Products (ISP) to cut gasoline and diesel costs by eight to 13 cents.

Government increases fuel tax discount

The executive's decision is due to the “rise in road diesel and unleaded petrol prices” next week — the discounts will be 63.56 euros and 60.40 euros per 1,000 litres, respectively.

PS/Azores calls for fuel tax reduction in the archipelago

Since May 1st, 95-octane unleaded petrol has cost 1.921 euros per litre in the Azores, and road diesel 2.004 euros per litre.

Carneiro criticises Government over tax increases

The PS secretary-general says the Government “increased taxes on fuel” while simultaneously reducing corporate income tax (IRC) for large companies.

7am. Rally de Portugal arrives in the north of the country

Nine special stages will be held, covering a total of 145.88 timed kilometres. Furthermore, the Government will reduce the extraordinary discount on the ISP (fuel tax).

Did Poland and Spain reduce fuel VAT to 8% and 10%, unlike Portugal?

An analysis comparing the fuel tax policies of Poland and Spain with those of Portugal, questioning why the latter did not implement similar VAT reductions.

Polígrafo4 May

5 PM. Iran sends new peace proposal to the US

Washington has reportedly already received the document. The content of the Iranian proposal is unknown. Also in this news bulletin, the Government updates the discount on the ISP fuel tax in light of the expected increase for next week.

Polígrafo. Is Portugal following Spain and Poland in cutting fuel VAT?

A fact-check investigation into whether the Portuguese government is implementing VAT reductions on fuel similar to those seen in Spain and Poland.

9 PM. Government cuts discount on diesel fuel tax

For the second consecutive week, the Executive is taking advantage of the drop in international diesel prices to increase the ISP tax again. Additionally, the White House will send a delegation to Iran.

Are EU ideas to mitigate oil prices sufficient?

Brussels suggests measures to encourage the use of bicycles, teleworking, and car-free days. Rui Afonso (CH) highlights the need to reduce the ISP (fuel tax), while João Torres (PS) advocates for the return of zero-rated VAT.

Temporary change to ISP approved unanimously

Parliament gives full support to the Government's proposal to lower limits on fuel tax, thus giving Montenegro room to continue intervening if prices continue to rise.

IL wants to suspend minimum fuel tax limits until the end of the year

The initiative comes as an amendment to the Government's proposal, which will be discussed and voted on this afternoon in Parliament and which provides for the temporary reduction of these limits until June 30th.