
Government to extend zero VAT on food until the end of the year
The decrease from 6% to 0% in a set of 46 food products considered essential came into force in April
The decrease from 6% to 0% in a set of 46 food products considered essential came into force in April
Deceleration is “partially associated with a decrease in prices seen in the class of food products and non-alcoholic beverages”
In order for the amount to reach families with an eligible profile, it is necessary to register or update the IBAN with Social Security Direct
According to the National Institute of Statistics
According to the minister, the forecast is that the trajectory of deceleration in price growth will continue in the «remaining months until the end of the year»
The application of a 0% VAT rate on a basket of essential food products and the reinforcement of production support will cost around 600 million euros
Above the 4% predicted by the Government
Payment of this support will be automatic and will be made on a quarterly basis.
The announcement was made in the main hall of the Ministry of Finance, in Lisbon, at a press conference
Government is also trying to conclude an agreement with sectors of food production and food distribution,
OECD today released interim economic forecasts