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Portugal Extends VAT Holiday on Essential Food Products

In a move to help ease the cost of living crisis, the Portuguese government has announced that it will extend the VAT holiday on essential food products until the end of the year. The tax break, which was originally put in place in April, applies to a wide range of products, including bread, rice, milk, eggs, fruits, vegetables, meat, and fish.

The government estimates that the extension of the VAT holiday will cost €140 million. However, it believes that the measure is necessary to help families struggling to make ends meet. The cost of living in Portugal has been rising steadily in recent months, and the war in Ukraine has only exacerbated the situation.

The VAT holiday is just one of a number of measures that the Portuguese government has taken to help people cope with the rising cost of living. Other measures include increasing the minimum wage, providing subsidies for energy bills, and expanding access to social assistance programs.

In this explainer video, we will take a closer look at the VAT holiday and why the Portuguese government has decided to extend it. We will also discuss the other measures that the government has taken to help people cope with the rising cost of living.

Watch the video to learn more!

Here are some additional points that you can discuss in your video:

The impact of the VAT holiday on prices of essential food products.

The potential long-term effects of the VAT holiday on the Portuguese economy.

The views of businesses and consumers on the VAT holiday.

The challenges of implementing and enforcing the VAT holiday.

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You can also use location-based hashtags, such as:

#Lisbon

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