The reduced VAT rates were introduced in December 2022 as a response to the economic and social consequences of the conflict in Ukraine and to support the reconstruction of La Palma island. The reduced rates were set to expire on June 30, 2023, but they have been extended due to the high inflation rate in March 2023. The reduced VAT rates will continue to apply until June 30, 2023.
Source: audiconsultores-etlglobal.com
Latest Posts in "Spain"
- IMF Urges Spain to Harmonize VAT Rates and Protect Vulnerable Households
- AEAT Publishes Technical Guidance on the Public Electronic Invoicing Solution (SPFE) for Mandatory B2B E-Invoicing
- Spain Restores 21% VAT on Electricity and Gas
- ECJ Rules on Spanish VAT Deduction Limits for Client Gifts
- CNMC Says Most Gas Stations Pass on VAT Fuel Tax Cut
