Sarmento Tells the IMF Mission IRS Jovem Is a 'Political Choice' on Wednesday 13 May — Finance Minister Pairs the Youth Tax Break With the Garantia Pública and IMT Isenção, and Reopens the Restaurant-IVA Debate Calling the 2016 Cut a 'Gross Error'
Sarmento defended IRS Jovem on Wednesday as a 'political choice' after the IMF recommended reversing it for budgetary cost and unclear impact on emigration. He also flagged support for raising restaurant VAT from 13%, calling the 2016 cut a 'gross error' worth €1 billion a year.