- Portuguese Parliament accepted Bill No. 66 XVII 1 on June 30
- Bill aims to remove the sunset date for the 6 percent VAT rate on renewable energy equipment
- Prevents return to the standard 23 percent VAT rate
- Applies to acquisition, delivery, installation, maintenance, and repair of renewable energy equipment
- Equipment includes devices for solar, wind, geothermal, and other alternative energy forms
- Law set to take effect on January 1, 2026
Source: news.bloombergtax.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.
