Relevant news regarding VAT and Excise Taxes included in Royal Decree-Law 20/2022
VAT Rate reductions:
- 5% VAT on electricity, natural gas, briquettes, pellets extended till Dec 31, 2023
- 0% VAT on basic food products from Jan 1, 2023 till June 1, 2023
- 5% VAT on olive and seed oils and pasta from Jan 1, 2023 till June 1, 2023
Source PwC
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