Spanish Prime Minister Pedro Sánchez reportedly announced on 1 September 2022 that the VAT rate on natural gas will be temporarily cut from 21% to 5%. The rate cut will apply from October to December 2022 to support households and businesses in response to rising prices. The rate cut for natural gas is in addition to the temporary tax cuts for electricity, which includes a VAT rate of 5% on electricity supplies that also applies until the end of December 2022.
Source Orbitax
Latest Posts in "Spain"
- Spain Approves Mandatory B2B E‑Invoicing: Royal Decree Adopted on 24 March 2026, implementation July 1, 2027?
- IMF Urges Spain to Phase Out VAT Reductions in Broader Tax Reform Plan
- Oil Companies Face €6 Million Fines for Failing to Apply Fuel VAT Reduction Properly
- Spain Unveils €5 Billion Plan to Cut Energy VAT, Fuel Prices Amid Middle East Crisis
- Spain Plans to Cut Fuel VAT to 10% to Counter Price Surge Amid Middle East Conflict
