Portugal Azores reduced VAT rates decreased
- Aug 22, 2015 | Richard Asquith
From the 1 July 2015, the reduced Value Added Tax rates in the Autonomous Region of the Azores were cut as follows:
- 10% rate reduced to 9%
- 5% rate reduced to 4%.
There was not change to the standard VAT rate of 18%. The mainland, Portuguese VAT rate is 23%. It was increased in January 2011.
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.