Supermarkets baffled by new tax

Supermarkets welcomed with surprise and perplexity the government’s intention to tax the extraordinary profits of the sector, a decision that has no equivalent among the countries of the European Union, they recall.

Companies will wait to know “the formula and format that the government will put in place” to tax these results, reacted Gonçalo Lobo Xavier, director general of the Portuguese Association of Distribution Companies (APED).

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