- The 2026 Portugal State Budget introduces targeted VAT reductions for agriculture, art, game meat, and animal welfare sectors.
- Olive processing will be taxed at 6% VAT (down from 23%), and VAT exemptions for agricultural inputs are extended through 2026.
- Art sold in galleries will qualify for a 6% VAT rate, expanding beyond just sales by artists or rights holders.
- Game meat will be taxed at 6% VAT, aligning it with other fresh meats to encourage domestic processing.
- Animal welfare organizations retain VAT exemption on pet food purchases through 2026, supporting their operational capacity.
Source: vatcalc.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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