- Portugal will reduce VAT to 6% for housing construction up to €648,000 or rentals up to €2,300.
- The policy aims to stimulate the construction and rental market, especially in high-pressure areas like Lisbon and Porto.
- The tax regime will be in effect until 2029.
- The initiative is part of a broader plan to support workers and families across the country.
- The government seeks to make housing more accessible at moderate prices.
Source: plataformamedia.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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