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Portugal Approves State Budget for 2024 with Tax Exemptions and Changes in VAT Rates

  • Portuguese parliament approves State Budget for 2024
  • Budget includes tax measures such as exemptions and changes in VAT rates
  • Personal income tax and social security contribution exemptions on benefits from employer-provided permanent housing
  • Extension of VAT exemptions and reduced rates for various products and services
  • Elimination of zero VAT rate on essential food items
  • Application of reduced VAT rate of 6% to various products and services

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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