- The Portuguese Parliament approved Bill 642/XVII/1 to clarify the 6% VAT rate for urban rehabilitation works from January 1, 2009, to October 6, 2023.
- The bill says being located in a legally defined Urban Rehabilitation Area (ARU) is enough to qualify for the reduced rate.
- It retroactively rejects the Tax Authority’s stricter view that required a prior approved Urban Rehabilitation Operation (ORU).
- This change addresses past cases where taxpayers were charged the standard 23% VAT.
Source: mcs.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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