Lowering the VAT rate for Portugal’s restaurant sector on July 1st appears to have done wonders for employment levels as according to the Secretary of State for Tourism 45,000 new jobs were created in the tourism sector up to September, more than half of them in restaurants and bars.
This cheering jobs analysis was based on data from Social Security with restaurants accountable for the creation of 28,000 new jobs between January and September - which, for the Secretary of State for Tourism, is a sign that the drop in VAT from 23% to 13% is having a positive impact on job creation and business confidence.