| – | the standard IGIC tax rate is increased to 7% (from 6.5%); |
| – | the increased rate is increased to 15% (from 13.5%); |
| – | the rate applicable to telecommunication services is increased to 7% (from 3%); and |
| – | the reduced rate applicable to the delivery of electric energy is increased to 3% (from 0%), except for households. |
Source Boletin Oficial de Canarias (see pave 44)
Unoffical translation
Tax reductions made in the previous legislature that have seriously reduced the income of the Autonomous Community of the Canary Islands. In particular boc-a-2019-252-6251 the general rate of IGIC is returned to 7%; the rate of 7% is recovered for consumption of telecommunications (telephony, television platforms, etc.) and is recovered from 0% to reduced by 3% for electricity consumption, except for consumption in homes. Also the increased rate for luxury consumption is raised from 13.5 to 15%.
Latest Posts in "Spain"
- Spain: Supreme Court allows VAT balance verification from prescribed periods
- Spain: New Rules for Computerised Invoicing Systems and VERIFACTU
- Spain VAT Deductibility and Article 96 Exclusions After Randstad España and Heineken
- AEAT Publishes Technical Documentation and Connection Examples for the Public Electronic Invoicing Solution (SPFE)
- B2B E-Invoicing Mandate: What It Means for Non-Established Businesses Registered Only for VAT
