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