The clarification of the implementation of the IVAucher project in Portugal

This Ordinance is applicable in conjunction with the Regulation-Decree act which has been promulgated before, and by which the introduction of the IVAucher has become effective. In the following text, we unveil when does the applicability of this project start.

The effects of the IVAucher program are temporary. The applicability of this projects starts on 1st June and it lasts until the December 31st, 2021 covering the following phases:

1. Determination of the amount of the benefit, which the consumer can accumulate and later on use. The active period for accumulatio of this “credit” covers the period which begins on 1st June and lasts until August 31st, 2021 and

 2. Use of the credit accumulated by consumers obtained in the first phase, following specific calculation formula with pre-defined limitations of later usage, which is established for the period which starts on 1st October and ends on the 31st December 2021.