Portugal to Cut VAT on Olive Oil Production to 6% in 2026 State Budget

• Portugal will reduce VAT on olive oil production starting January 1, 2026.
• The new VAT rate will be 6% on the mainland and 4% in Madeira and the Azores.
• The reduction applies to olive oil, olive pomace, and related processing services.
• This replaces the temporary 23% VAT rate applied earlier in 2025.
• The change is part of Portugal’s 2026 State Budget and involves an amendment to the VAT Code.

Source: fiscal-requirements.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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