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IVA increases
IVA increases
I just saw that Jaylay made reference to this on another post but I think this issue should have it's own thread as I fear it's going to have a widespread negative effect on home owners and business owners alike,
I hear that with the exception of golf and bullfighting (tourist attractions?) that IVA is being increased from 6% to either 13% or 23%,
talk is that basic IVA is going up to 25%; IVA on restaurants up to 23%; the Portugal News says that electricity is going up to 13% but I heard from a business owner that he's been told it's going up to 23% too
this is very serious I think, electricity is already very expensive here, and eating out in town is not exactly cheap before all this
I hear that with the exception of golf and bullfighting (tourist attractions?) that IVA is being increased from 6% to either 13% or 23%,
talk is that basic IVA is going up to 25%; IVA on restaurants up to 23%; the Portugal News says that electricity is going up to 13% but I heard from a business owner that he's been told it's going up to 23% too
this is very serious I think, electricity is already very expensive here, and eating out in town is not exactly cheap before all this
Re: IVA increases
Portugal has to do this as part of the ECB/IMF conditions for the bail out.
What ever the impact on us it is 10 times worse for the Portuguese who are on low incomes.
We have a choice to eat out or in, they do not as they canot afford the places aimed at the tourist market.
What ever the impact on us it is 10 times worse for the Portuguese who are on low incomes.
We have a choice to eat out or in, they do not as they canot afford the places aimed at the tourist market.