- The tax authority (AT) issued procedures following the law that settled the VAT treatment of urban rehabilitation works, but its guidance created a new dispute over municipalities’ expired urban rehabilitation areas (ARU).
- Builders and property developers who were charged 23% VAT instead of 6% on projects located in ARU zones without an approved urban rehabilitation operation (ORU) may recover the excess VAT paid.
- Taxpayers currently under audits for the same issue should not, on that basis alone, face additional VAT assessments.
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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