6% VAT on Construction Risks Litigation but It Is Necessary to Wait for the Tax, Says Tax Collector.
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4 Articles
Former Secretary of State for Fiscal Affairs Sérgio Vasques believes that Portugal has managed "in a very, very amateur way" the VAT file of housing and urban rehabilitation, creating paralysis.
6% VAT on Construction Risks Litigation but It Is Necessary to Wait for the Tax, Says Tax Collector.
I am glad that the possibilities of litigation are not yet completely eliminated, but, as we are dealing with new developments, we will have to wait a few months to understand exactly what is going to happen on the ground. It is still early to say, said the former Secretary of State of State for Fiscal Affairs Sérgio Vasques.
The former Secretary of State for Fiscal Affairs Sérgio Vasques admits that the new VAT rules of 6% in the construction of houses generate litigation, but says it is necessary to wait to see how the tax will work. "I am afraid that the hypotheses of litigation are not yet entirely eliminated, but, as we are dealing with news, we will have to wait a few months to understand exactly what will happen on the ground. It is still early to say," he sai…
The former Secretary of State for Fiscal Affairs Sérgio Vasques admits that the new VAT rules of 6% in the construction of houses generate litigation, but says it is necessary to wait to see how the tax will work.
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