Portugal is the first in Europe to reduce VAT rates on bicycles

Portugal introduces an amendment to the state budget for 2023, which reduces the VAT rate on the sale of bicycles, with the aim of increasing the modal share of bicycle riding...

January 8, 2023
Portugal is introducing an amendment to the state budget for 2023 which reduces the VAT rate on the sale of bicycles, with the aim of increasing the modal share of cycling to 10% by 2030. Customers can now save hundreds of euros when buying bicycles. A year after the EU passed a law allowing member states to apply reduced VAT rates to the purchase, hire and repair of bicycles - including e-bikes...
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January 8, 2023