The Council of Ministers plans to approve at its meeting this Tuesday the extension of the tax cuts of the electricity bill. In an emergency Royal Decree-law, the Government maintains until April 30, 2022 the reduced rate of VAT (10%) for contracts that do not exceed 10 kilowatts of power and provided that the average wholesale market price in the previous month is higher than 45 euros per megawatt-hour.
Source Mediterraneo
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