- Draft of Portugal’s state budget law for 2025 includes various tax measures
- Focus on main indirect tax proposals in the budget law
- Budget law needs approval by parliament before enactment
- Ordinance published for gradual “unfreezing” of updates to CO2 emissions surcharge
- VAT exemption extended for goods used in agricultural activities until 31 December 2025
- Reduced VAT rate for rehabilitation work on residential property
- Refund of VAT on certain expenses for entities like ICNF, firefighter associations, municipalities, and forest management units
- Tax on petroleum and energy products (ISP) continues at 100% rate for certain products used in electricity production
Source: taxathand.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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