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Portugal raises VAT 2% to 23% from January 2011


Portugal raises VAT 2% to 23% from January 2011

Portugal has put forward a further Portuguese VAT rise, raising VAT in 2011 to 23%.

This follows a 1% VAT rise in Portugal July 2010.

Portugal is struggling to manage a ballooning deficit, and is having to meet tough terms of the European Union, European Central Bank and International Monetary Fund bail out.


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.