Spanish government approves significant VAT drop for natural gas

To help families most severely hit by inflation, the government approved a significant VAT drop for domestic natural gas from 21% to 5%, saving almost €210 million for Spanish consumers. Spain’s Council of Ministers approved on Tuesday a reduction in the value-added tax (VAT) on supplies of natural gas and solid fuels from 21% to 5% to help citizens facing energy crisis and high inflation, the Ministry of Ecological Transition and Demographic Challenge (MITECO) said

Sources:

• euractiv.com
• urdupoint.com

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