Portugal: Implementation of zero VAT on food staples to combat rising prices
Portugal’s Law No. 17/2023, published in the Official Gazette on April 14, introduces a temporary VAT exemption on specific food staples to address increased food costs. The law allows a zero percent VAT rate, with input VAT deduction, on certain food items including milk, eggs, bread, and designated fruits and vegetables for import or sale. The law comes into effect on April 18 and expires on October 31.
Source: dre.pt
