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Highlights of indirect tax measures in 2024 budget law and other recent legislation

Portugal’s state budget law for 2024 (Law No. 82/2023), which includes indirect tax measures as well as a variety of other tax measures, was published on 29 December 2023. The law entered into force on 1 January 2024 and its measures generally are effective as from the same date. The law includes (amongst other things) the following:

  • VAT exemptions
  • Reduced VAT rate on supplies of electricity
  • Reduced VAT rate for other goods
  • Intermediate VAT rate for certain food, food and beverage services
  • Tobacco tax (IT)

Source: Deloitte/Tax@Hand


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