Regional Legislative Decree No. 15-A/2021/A was published on 31 May 2021, approving the 2021 budget law for the Portuguese autonomous region of Azores, which includes a reduction of the standard VAT rate in the Azores to 16%. The reduction is intended to be effective as from 1 July 2021; however, this is dependent on legislative amendments that still must be made to the Portuguese VAT Code.
Source: Deloitte
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