- The Associação da Hotelaria, Restauração e Similares de Portugal (AHRESP) is advocating for the application of an intermediate VAT rate on soft drinks and alcoholic beverages in the upcoming State Budget. They also propose a 50% VAT deduction on accommodation and meal expenses for certain taxpayers, a 100% VAT deduction for event-related expenses, and the removal of single-use packaging contributions for ‘drive-thru’ and ‘delivery’ services. Additionally, AHRESP suggests lowering corporate tax rates, revising personal income tax brackets, and increasing the annual business turnover limit for VAT exemption. To address the housing crisis, they propose reducing taxation on rental income, offering tax exemptions for worker housing support, and providing fiscal benefits for constructing worker housing. They also recommend a system for offsetting debts with credits between taxpayers and Social Security and demand support for individual entrepreneurs in business capitalization.
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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