2024 Budget renews electricity supplies VAT cut until Dec 2024
The Portuguese government’s 2024 budget proposes extending for a further twelve months the reduction in VAT on electricity supplies. The rate is currently 6% since being cut from 13% in October 2023.
Sept 2023: 9% August inflation prompts energy VAT cut; follows extension of fuel duty cut
Portugal has cut the Value Added Tax rate on domestic electricity from 13% to 6% from 1 October 2022 until 31 December 2023.
In addition, there is a single payment of €125 euros employment-age people earning up to €2,700 per month, and €50 for every child to all families.
A number of other EU states cutting VAT on basics and fuel.
On 6th April 2022, EU states ratified new reduced EU VAT rate setting freedoms
