- Parliament’s Economy Committee unanimously approved a PSD draft law clarifying the 6% VAT rate for urban rehabilitation works.
- The reduced rate applies to works in Urban Rehabilitation Areas (ARUs), without requiring a formally approved Urban Rehabilitation Operation (ORU).
- The goal is to end disputes with the Tax Authority and give developers and construction firms more legal certainty.
- The measure is meant to reduce bureaucratic barriers and support urban renewal and housing investment.
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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