1. The revenue of each circumscription includes the VAT collected on the transactions carried out in it, determined on a per capita basis (regime da capitação), adjusted by the differential between the regional and the national VAT rates.
1 - Constitui receita de cada circunscrição o IVA cobrado pelas operações nela realizadas, determinada de acordo com o regime da capitação, ajustado pelo diferencial entre as taxas regionais e as taxas nacionais do IVA.
2. The member of the Government responsible for finance, after consulting the Regional Governments, shall lay down by order (portaria) the manner in which the corresponding revenue is allocated to the Autonomous Regions.
2 - O membro do Governo responsável pela área das finanças, ouvidos os Governos Regionais, regulamenta por portaria o modo de atribuição às regiões autónomas das respetivas receitas.
The per capita attribution of VAT adjusted by the differential between regional and national rates, and the order (portaria) of the member of the Government responsible for finance after consulting the Regional Governments, are retained.
We compare company and personal tax in Madeira, the Azores and mainland Portugal and set up in the right place, in English. A written answer and a fixed quote within one working day.
Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.