By Pedro Montez
TAX Technology Manager
The State Budget proposal for 2021, in the scope of consumption taxes, more precisely in the area of Value Added Tax, provides for a program to support and stimulate consumption in the sectors of accommodation, culture and restaurants, which has been called “IVAucher”. The objective of this program is to support sectors of the Portuguese economy strongly affected by the pandemic caused by the disease COVID-19, namely the accommodation, culture and catering sectors.
This stimulus will be based on a mechanism that allows the final consumer to accumulate the value corresponding to the total VAT incurred in consumption in the sectors identified during one quarter and to use that value during the following quarter in consumption in those same sectors.
Source: LinkedIn
