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Temporary VAT exemption introduced for selected food products

The Portuguese government published Law No. 17/2023, which provides for a temporary VAT exemption with the right to deduct input tax (i.e., a zero rate) for selected “essential” food products, in response to the extraordinary increase in food prices. The law is in force as from 18 April 2023 through 31 October 2023.

Source: taxathand.com

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