- The Socialist Party (PS) withdrew its proposal to reduce VAT to 6% on air conditioning and related equipment, pending clarification from the government.
- The proposal was removed to allow more time to assess its compatibility with the EU VAT Directive.
- The measure would have reduced VAT on items like solar panels, heat pumps, air conditioners, biomass heaters, and related fuels from 23% to 6%.
- The government warned the VAT reduction could have a €100 million budget impact.
- PS indicated willingness to revisit the proposal once legal and budgetary concerns are addressed.
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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