Madeira - VAT rate hike

28 March 2012

The Madeira VAT rate which was formula-linked to the Portuguese rate will now be increased significantly from 16% to 22% effective 1st April, 2012.

The reduced rates will also increase.  The current 9% rate and 4% rate will increase respectively to 12% and 5%.

For more information on EU VAT Rates, please click here

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