The Portuguese standard VAT rate is 23.0%, which is above the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.2% as of 31 December 2020. The previous standard VAT rate in Portugal was 21% in 2010. It changed to the current level in 2011. Portugal applies reduced VAT rates of 6% and 13% to a number of goods and services as well as specific regional rates.
Artigos Relacionados
- Labour hopes to cut net migration to around 200,000
- Tax break for businesses made permanent
- Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises
- What the Autumn Statement means for you and your money
- Autumn Statement: Hunt denies tax cuts were pre-election giveaway
- Austerity warning for public services after tax cuts
- Barbie movie added £80m to UK economy and used 6,000 extras, Warner Bros says
- What a falling inflation rate means for your finances
- Interest rates expected to be held after small economic growth
- UK facing permanent higher taxes, IFS think tank says