Portugal 2nd VAT increase of 2% to 23%

30 September 2010


The government in Lisbon has put forward plans for a 2% VAT increase to 23%.  This follows the July 2010 1% increase to 21%.  This emergency measure has been moved to calm government bond markets as Portugal has fallen behind other 'peripheral' EU countries in reducing its deficit.

Click here to read about the Portugal July 2010 1% VAT rise

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