António Pedro Albuquerque
Associate | Tax
February 9, 2024
Reduced VAT rate of 5% for works in private residences? “It depends”…
António Pedro Albuquerque wrote an article for Vida Económica where he explains the cases which the VAT rate reduced to 5% applies to works in private residences.
The Tax associate explains that the term “private residences” presupposes that the property must be used for private housing purposes on the start date of works and not for commercial or investment purposes. It also points out that “it is not necessary for it to be occupied while the works are being carried out by people who reside there permanently or not.”
Please contact us, for the full text/information.
