The CSD-PP Madeira has today denounced that the legal margin to further reduce the reduced rate of VAT in the Region is exhausted under the current framework. In view of this limitation, the centrists demand the revision of the Regional Finance Act, arguing that Madeira must have the necessary fiscal instruments to compensate for the increased costs of insularity, without compromising revenues for regional public services.
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The CSD-PP Madeira has today denounced that the legal margin to further reduce the reduced rate of VAT in the Region is exhausted under the current framework. In view of this limitation, the centrists demand the revision of the Regional Finance Act, arguing that Madeira must have the necessary fiscal instruments to compensate for the increased costs of insularity, without compromising revenues for regional public services.