On 19 October 2026, Lei n.º 64/2026 was enacted, extending the validity of Law n.º 12-B/2026 of 15 April, which temporarily and exceptionally lowers the minimum unit rates of the Tax on Petroleum and Energy Products (ISP). The extension aims to mitigate the impact of high energy prices on households and businesses, maintaining reduced tax burdens on gasoline, diesel, and other energy products through the end of 2026.
Key Takeaways
- Duration: The reduced minimum rates remain in force until 31 December 2026, unless further extended.
- Fiscal Impact: The measure reduces state revenue from ISP but provides direct relief to consumers at the pump.
- Review Mechanism: The government must assess the measure’s effectiveness and budgetary impact quarterly, reporting to Parliament.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement