Reduction of the Tax on Petroleum and Energy Products, ISP (equivalent to VAT reduction from 23% to 13%)
As part of its April 2022 "New measures to contain the rise in energy and agri-food prices", the Portuguese government implemented a temporary reduction of the Tax on Petroleum Products (ISP) for gasoline and diesel, in May and June 2022.
The measure was later extended to July and August 2022.
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