- Government requests one year to review VAT on construction projects
- Proposal for State Budget includes request for legislative authorization to review reduced VAT law for controlled cost housing projects
- Gross fixed capital formation in construction as a percentage of GDP decreased from 7.9% to 7.3% last year
- Government includes request for legislative authorization to revise VAT Code for construction projects in State Budget proposal for 2025
- Government plans to take 365 days to make the necessary changes to VAT law for construction projects
Source: jornaldenegocios.pt
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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