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13/1/2012

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Pela fé e pela dor
DN Madeira 13 JAN 2012
A great article on the need for long term structured strategy for Tourism rather than "coastline navigation" and a clever link to faith - based on belief through a clear vision, leadership, ongoing research and reading and humbly acting on the messages passed over time.
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Portugal 2012 -tax rates and impact to Madeira. Madeira remains a fantastic destination!

2/1/2012

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New tax rates  on VAT IVA), income tax (IRS) and corporate tax IRC) are in place as of 1 January 2012 in Portugal, which also apply to Madeira.

By 1 April 2012, Madeira will also be forced to reduced the existing 30% difernential rate between mainland Portugal to a mere 1 point diference.

Please consult ACIF - Chamber of Comerce website to read about

- National Budget 2012
- Income and corporate tax
- Alterations as of 1 Janary 2012

In Madeira, one of the most significant rate increase is VAT on "food & beverages" (restaurantes and hotels) which goes up from 9% to 16% on the 1st janury 2012 and upto 22% as of 1 April 2012.

Although these tax increases are particullarly severe in Madeira (the reduction in diference between mainland Portugal and the tax increase), Madeira remains a fantastic all year destination - visit our Madeira holidays and travel page for fantastic offers.
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    Author

    Andrew Zino

    Owner and Management Consultant at www.zino.pt

    Owner of Nature Meetings

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