April 20, 2023
Meal Alowance Update
Considering the extraordinary increase in prices, Ordinance no. 107-A/2023, of April 18th, updates the amount of the meal allowance for Public Administration workers to €6. Therefore, if paid in cash, up to this amount there will be no taxation, however if paid in card or “vale refeição” it will be exempt up to €9,6. This regime applies to all employees.
The mentioned update of the meal allowance takes effect on January 1st, 2023.
April 14, 2023
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.
April 05, 2023
Sintra - Exemption from Municipal Surtax
On the 17th February 2023, the Municipal Assembly of Sintra approved the Tax Benefits Regulations related to the Municipal Surtax, establishing an exemption from the Municipal Surtax for taxpayers whose turnover in the previous year did not exceed €150,000.00.
This exemption is automatically recognized by the tax authority and cannot be granted for more than five years. However, it can be renewed once with the same time limit.
