Saturday, January 23, 2016

Lowering VAT on restoration only from July – Azores 24Hours

VAT Descent into restoration only from July

National »January 22, 2016

 kitchen-dining-restaurant The government provides for the replacement of VAT in catering to 13% from July, according to the draft state budget for 2016, which was today handed in Parliament.

With regard to the impact on revenue in the document to which the Lusa agency had access, the executive António Costa notes that the effect [of downtown 23% VAT to 13% in the restoration] “considers the entry into force in July 2016 “.

This decline will have a budgetary impact, compared to 2015, 0.09% of the Gross Domestic Product (GDP), said the OE2016 outline.

On Thursday -feira, the Association of Hotels, Restaurants and Similar of Portugal (AHRESP) met with the Prime Minister having this reaffirmed the commitment to lower the tax on consumption VAT in the sector.

At the meeting “Prime Minister reaffirmed the commitment it had assumed replacement of VAT [consumption tax] to 13%,” against the current 23%, “he said on Thursday Lusa secretary general of AHRESP, Ana Jacinto, who said they were not discussed details on the application of this measure, as on the time when it would be applied.

Lusa

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