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Portugal drops 2015 VAT rise proposal

  • VAT
  • 03 December 2014 | Richard Asquith

Portugal drops 2015 VAT rise proposal

Portugal has quietly dropped a proposal to raise its VAT rate from 23% to 23.25% on 1 January 2015.

The Portuguese 2015 VAT rise was announced in May 2014 to help meet the bail out requirements of the ‘Troika’, which includes the International Monetary Fund, European Commission and European Central Bank.

Portugal raised its standard Value Added Tax rate in two stages from 19% during the financial and Euro crises.


VP Global Indirect Tax
Richard Asquith
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.