- Regional Legislative Decree No. 6/2024/M in Madeira reduces reduced VAT rate from 5% to 4%
- Aimed at providing tax relief and stimulating economic growth
- Amendment set to take effect on October 1, 2024
- Standard and intermediate VAT rates in Madeira remain unchanged
- Expected to have a positive impact on the local economy by making goods and services more affordable and potentially boosting business activities
Source: fiscal-requirements.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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