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Daily Archives: November 21, 2016

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Portugal’s “Informal Economy” is still thriving  

It was reported that the “informal economy” – a sector in which citizens avoid issuing proper invoices – increased slightly last year to almost 28% of gross domestic product.  Measures implemented to entice people to come clean for specific businesses, such as the introduction of VAT credits on official invoices and other incentives (car lotteries), have not improved the percentage to make the Authorities happy..

 

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