Parliament gave its final approval on Tuesday to a fresh anti-inflation package the government presented in the form of a decree to help mitigate the impact of high energy prices on food products.
Measures in the now-approved decree include the abolition of VAT on staple foods and the reduction of VAT from 10% to 5% for oils and pasta.
For Partido Popular, the strongest opposition in parliament, reducing the VAT on foodstuffs was justified as this was among the measures the right-wing party put forward in its strategy to curb inflation. It still did not back the measure as it hoped the VAT reduction would also include meat, fish and tinned food.
Source: euractive.com
Latest Posts in "Spain"
- 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
- Spain Slashes Fuel VAT to 10% Amid Middle East Conflict-Driven Inflation Surge












