From 1 October 2024, the reduced rate of VAT in the Autonomous Region of Madeira will be 4% (instead of the current 5%).
This is a measure included in Madeira’s new budget for 2024 (Article 21 of Regional Legislative Decree no. 6/2024/M, of 29 July), which aims to reduce taxes in the region.
Source: Diário da Répública (in Portuguese)
Customs duties
United States: Increase in tariffs on steel and aluminium
On 10th February 2025, President Trump signed two decrees amending US tariffs on steel and aluminium (Section 232 of the Trade Expansion Act of 1962)….
17 February 2025
