Taxation

Government ends Autovoucher and replaces it with PSI reduction

&amp;NewLine;<p>Autovoucher expires at the end of April and will be replaced by a "significant" reduction in ISP &amp;lpar;fuel tax&amp;rpar;&amp;comma; says Secretary of State for Fiscal Affairs&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>L&amp;rsquo&amp;semi; Autovoucher&amp;comma; which is an aid from <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;autovoucher-passe-a-20-euro&sol;" data-type&equals;"post" data-id&equals;"8732">20 euros<&sol;a> paid by the State to families to subsidize the rise in fuel prices&amp;comma; ends at the end of the month and will be replaced by a more aggressive measure in terms of&amp;rsquo&amp;semi;tax cuts&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">The government puts an end to Autovoucher and replaces it with a reduction in ISP<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>As we explain, the Autovoucher <a href&equals;"https&colon;&sol;&sol;www&period;ivaucher&period;pt&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">will come to an end<&sol;a> at the end of this month&amp;comma; this aid will be replaced by a more aggressive measure in terms of tax reduction&amp;period; In principle&amp;comma; from May&amp;comma; a reduction in the TIPP &amp;lpar;tax on petroleum products&amp;rpar; will be implemented&amp;period; The government has not yet received the "green light" from the European Commission to lower the VAT rate&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>"As we still don&amp;rsquo&amp;semi;t have the green light from Brussels regarding the lowering of the VAT rate&amp;comma; what we are going to do&amp;comma; is to make sure that the Portuguese&amp;comma; when&amp;rsquo&amp;semi;they go to the pump&amp;comma; in their final bill&amp;comma; pay for fuel as if it had a VAT rate of 13&amp;percnt; and not as if it had a VAT rate of 23&amp;percnt;&amp;comma; through a corresponding reduction in the PSI rate&amp;comma; explained the official&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>According to M&amp;period; Mendonça Mendes&amp;comma; this mechanism&amp;comma; which had already been announced by the Prime Minister at the end of last week&amp;comma; will continue in parallel with the weekly revision of the PSI price according to variations in the price of oil and the&amp;rsquo&amp;semi;increase in VAT revenues&amp;period;<&sol;p>&amp;NewLine;

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