CDS today has defended a gradual decrease in VAT, over 4 years of the legislature. The Independent Zones Financing Law provides for up to 30 % at the rates of this three tax, and are linked in the context of their election campaign.
“The truth is that Madeirans are those who pay the most value -added tax in Portugal, where this tax focuses on the final price, which includes the cost of more transportation,” they point out.
Thus, CDS defends the gradual reduction of VAT, by 7.5 % annually, which will lead to the maximum reduction of 30 % until the end of 4 years. This is a responsible proposal, not questioning the budget balance between revenues and expenditures, as the party says.
This suggestion will provide more purchasing power for those who earn less to the middle class and make companies more competitive.
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