VAT reduction in the Azores
The Parliament of the Autonomous Region of Azores approved a 30% VAT reduction from July 1st, 2021 onwards. The standard rate will be decreased from 18% to 16%. Other rates of 4% and 9% rates being kept unchanged.
The 16% rate applies to transactions located in the Azores if VAT is chargeable from July 1st, 2021 onwards.
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