VATupdate
spain

Extension of reducd taxes/VAT on energy and surgical masks till Dec 31, 2022

Extension of reducd taxes/VAT on energy and surgical masks

  • reduced rate of 0.5% (instead of 5.11%) of electricity tax
  • suspension of tax on electric energy production
  • VAT rate of 4% to supplies of disposable surgical masks

Reduction VAT rate from 10% to 5% between July 1, 2022 and December 31, 2022

  • customers with contracted power usage under 10kW, provided that the average price of the daily electricity market of the natural month prior to the invoicing period is over 45 EUR/MWh
  • vulnerable customers entitled to social electricity tariffs

Source boe.es

Sponsors:

VAT news
VAT news

Advertisements:

  • VAT news
  • VAT news
  • VAT news