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Madeira News

Portugal To Lower VAT On Certain Utilities

by Ulrika Lomas,, Brussels

Monday, April 29, 2019

Senior Portuguese ministers have approved a proposal to introduce the six percent reduced rate of value-added tax on supplies of electricity and natural gas to certain consumers from July 1, 2019. Read Full Story


Portugal Cuts VAT Rate On Restaurants

by Ulrika Lomas,, Brussels

Friday, July 8, 2016

Portugal restored a tax break for food sold by restaurants from July 1, 2016, when the value-added tax rate applicable to food services fell to 13 percent, from 23 percent. Read Full Story


Portuguese Hospitality Industry Seeks Reduced VAT Rate

by Ulrika Lomas,, Brussels

Wednesday, October 1, 2014

The Portuguese Government is under renewed pressure from hoteliers and restaurateurs to lower the value-added tax rate on the sector. Read Full Story


EU Sets New Limits On Portuguese Tax Breaks

by Ulrika Lomas,, Brussels

Thursday, June 19, 2014

The European Commission has approved, under European Union state aid rules, Portugal's map for granting state aid between 2014 and 2020. Read Full Story


Portugal's Economic Programme 'On Track'

by Ulrika Lomas,, Brussels

Wednesday, March 7, 2012

Following its third quarterly review of Portugal’s economic programme, the European Commission, the European Central Bank, and the International Monetary Fund underscored that while the programme is indeed on track, many challenges remain. Read Full Story


MEPs Approve Deal On Latin American Banana Imports

by Ulrika Lomas,, Brussels

Tuesday, February 8, 2011

The 2009 Geneva agreement on European Union import tariffs for bananas from Latin American countries, which is designed to end the longest-running dispute in the history of international trade, has received the backing of the European Parliament. Read Full Story


Italy Attacks Stock Lending Tax Scheme

by Ulrika Lomas,, Brussels

Tuesday, August 24, 2010

Amongst its discoveries this year of various schemes devised by Italian companies and individuals to evade taxes, the Italian Revenue Agency has now disclosed another in the form of cross-border stock lending. Read Full Story



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