Accountants Warn 6% VAT on Housing Construction Is Unworkable, Call for Retroactive Tax Exemption

• The proposed 6% VAT rate for residential construction is considered impractical by accountants.
• The measure creates legal uncertainty for both builders and accountants.
• The application of the reduced VAT rate depends on a condition verified after construction by the buyer, making it unworkable.
• The head of the accountants’ association suggests making the capital gains tax exemption for reinvestment in rental properties retroactive to 2025.

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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