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Portugal will lower the VAT on electricity to 13%

Portugal will lower the VAT on electricity to 13%

Portugal has decided to lower the VAT rate on electricity, currently at 23%, for homes with low consumption. This is a measure that has been expected for several years and which is intended to favor households that consume little. The total estimated cost of the measures is 150 million euros and "will cover around 5.2 million contracts (86% of low voltage customers)", details the press release from the Portuguese Council of Ministers. The drop should be implemented in December. Lisbob, the # 1 expatriate assistant, tells you all about the drop in Portuguese electricity VAT.