The Regional Government of Madeira has approved an extraordinary financial support measure amounting to 5 million euros to help cover non-recoverable Value Added Tax (VAT) incurred by entities managing social projects funded by the Recovery and Resilience Plan (PRR).
The initiative, named "Apoio IVA PRR-RAM," aims to prevent tax burdens from jeopardizing the financial stability of these institutions and the successful completion of their investments, particularly those targeting vulnerable populations like the elderly and homeless.
Regional Secretary for Inclusion, Labour, and Youth, Paula Margarido, emphasized that this support ensures that unrecoverable costs do not become obstacles to project execution. The Regional Government is also pursuing a permanent solution with the national government.
