Update - Portugal Provides 0% VAT Rate for Essential Foods
Portugal has published Law No. 17/2023 of 14 April 2023 in the Official Gazette, which provides for the application of a temporary 0% VAT rate (zero-rate) on a basket of essential food products to help mitigate the extraordinary increase in food prices. The 0% rate applies to the import and supply of several types of foods including, among others, bread, potatoes, pasta, rice, various fruits a…
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