The temporary and extraordinary reduction in the VAT rate for certain products will be extended until June 30, 2023. The 5% rate applies to olive and seed oils, while the 0% rate applies to common bread, bread-making flours, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals. This extension is due to the underlying inflation rate for March 2023 being higher than the threshold required for the reduction to continue.
Source: audiconsultores-etlglobal.com
Latest Posts in "Spain"
- Spain: Key VAT Compliance Deadlines for January and February 2026
- Spain Opens Temporary SII Exit Window After VERI*FACTU Mandate Delay to 2027
- Express Revocation of VAT Special Regime Renunciation Required; Tacit Revocation Not Permitted
- Spain Postpones Verifactu Ordinance to 2027, Grants Exceptional SII Opt-Out Until January 2026
- Spain Opens Special SII Exit Window After VERI*FACTU Deadline Postponement for Voluntary Participants
