Portugal to slash concert VAT to 6%
In a move welcomed by promoters' association APEFE, Portugal is to more than halve the VAT levied on live entertainment
News By | 30 November 2018
The Portuguese parliament has approved a new state budget that cuts the value-added tax (VAT) on tickets for live shows from 13% to 6%.
The Orçamento Geral do Estado, or General State Budget, for 2019, which was approved by Portugal’s Assembly of the Republic yesterday (29 November), provides for a reduction in the VAT paid by promoters to 6% in the Portuguese mainland, 5% in Madeira and 4% in the Azores.
Promoters’ association APEFE (Associação de Promotores de Espetáculos, Festivais e Eventos, Association…
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