This measure aims to eliminate, “in a clear and express way, any difficulty or inequality in the exercise of the right to deduct VAT incurred on the purchase of bicycles by companies or other VAT taxable persons”.
The VAT deduction in the case of purchasing bicycles, with or without an engine, was approved this Tuesday, after a proposal from the PS that clarifies this situation was approved in parliament.
The PS proposal was approved with votes against from the PSD and CDS and in favor from the other parties. This measure aims to eliminate, “clearly and expressly, any difficulty or inequality in the exercise of the right to deduct VAT incurred on the purchase of bicycles by companies or other VAT taxable persons”.
On this second day of voting in the Proposals from the PAN and parties that support the Government were also approved so that the Regional Civil Protection Service, IP-RAM, the Regional Civil Protection and Fire Service of the Azores can benefit from the VAT reduction, similar to what is already happening in nationally with the National Institute of Medical Emergency.
Furthermore, the PAN proposal, which was approved with the CDS and PSD voting against, also ensures the inclusion of municipalities and intermunicipal entities in this budget.
Another PAN proposal in the context of tax benefits was also approved, but only in the part in which it provides that the Government prepares a quantitative report on tax expenditure every year, namely all expenditure resulting from legislation or practices that constitute a reduction or deferral of the tax owed by a specific group of taxpayers, under the standard taxation system.
The report must include an analysis “with the identification and detailed evaluation of the costs and results actually obtained in relation to the objectives inherent to its creation or attribution”.
The part of the proposal that provided for the disclosure by the Tax and Customs Authority (AT), by the end of September of each year, of the companies that were beneficiaries of tax expenses, through tax benefits or any other form of reduction or deferral of IRPJ due, in view of the standard taxation regime, was rejected.
