Portugal: Ham could be cheaper, if the government wants it - APIC

Published 2022년 10월 11일

Tridge summary

The Portuguese Meat Industry Association (APIC) is calling for a reduction in the VAT rate on meat products from the current 23% to 6%, a change that could save Portuguese families nearly 80 million euros annually. However, the government has so far shown no interest in this request. APIC argues that meat products should be classified as essential goods and given the reduced VAT rate, in line with other European countries. Currently, processed products of animal origin, such as cheese, are charged a lower VAT rate of 6%, while processed meat products are charged 23%.

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Original content

In a statement sent last week by the Portuguese Meat Industry Association (APIC), it can be read: "The Meat Industry demands a reduction in VAT on meat products (ham, bologna, chorizo, ham, tin sausage, among others), to the reduced rate of 6%, which could save Portuguese families a annual value of close to 80 million euros. The Portuguese Association of Meat Industry APIC warns that the VAT value of ham, chorizo, tin sausage, ham and other processed meats, have in Portugal, the VAT value of 23% (maximum rate) , while in other countries the reduced rate is applied to this category of products, as they are essential goods! APIC, concerned with the selling price to Portuguese consumers, has tried to reduce VAT to the government, however, and despite our insistence, there has been no openness on the part of the government to reduce the value of VAT, as happens in Spain and many other European countries. According to the value added tax code, processed products of animal origin, such ...

Source: AgroNegocios