Item 2.23 of List I annexed to the VAT Code – Authentic Interpretation – Urban Rehabilitation Areas

In brief

Law 48/2026 of 17 August provides an authentic interpretation of item 2.23 of List I annexed to the VAT Code.

In detail

Law 48/2026 of 17 August provides an authentic interpretation of item 2.23 of List I annexed to the VAT Code, establishing that, under the wording given by Law 64-A/2008, urban rehabilitation works (empreitadas de reabilitação urbana) shall be interpreted as encompassing all works carried out on properties or public spaces located within urban rehabilitation areas delimited in accordance with the applicable legal provisions, regardless of whether an urban rehabilitation operation has been approved. 

^{© 2026 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.}