VAT exemption: “The real impact for people will be close to zero”

Tiago Caiado Guerreiro, partner and head of the Tax and Social Security department, commented on RTP 3, the new measure that exempts VAT on essential goods.
News 29/03/2023

The Portuguese Government, led by António Costa, presented yesterday (March 27) a basket of 44 products with zero VAT to combat rising food prices. A measure that will be applied between April and October of this year.

In this context, Tiago Caiado Guerreiro, partner and head of the Tax and Social Security department, was invited by RTP 3 to comment on this new measure and the impact it may have on people’s lives, particularly in terms of savings:

“Lowering taxes is always positive, but the real impact for people will be close to zero.”

Watch the complete interview on RTP play (minute 04:23).

 


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Practice Areas

  • Tax Law

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