Temporary VAT Exemption on Food Products

Temporary VAT Exemption on Food Products

Law 17/2023 establishes a temporary Value-Added Tax (VAT) exemption on imports and transactions of certain food products (see list here) from April 18th, 2023, to October 31st, 2023.

Notwithstanding the exemption, these operations allow for the deduction of VAT that may have been charged on good or services acquired, imported, or used by the taxpayer to carry them out.

Elsa Rodrigues

Elsa Rodrigues

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