- The VAT on construction and rehabilitation for affordable housing is reduced from 23% to 6%.
- This reduced VAT applies retroactively to projects started since the end of October, including self-construction.
- The measure is temporary, lasting until the end of 2029, after which its effectiveness will be evaluated.
- The law covers projects with moderate prices: rents up to 2,300 euros and purchases up to 648,000 euros.
- Invoices issued from January next year will be eligible, even if the law comes into effect later.
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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