Spain Extends Reduced VAT Rates

• The Spanish Council of Ministers has approved the extension of reduced VAT rates.
• The reduced VAT rates will be extended for certain sectors such as banks and the energy sector.
• Windfall taxes will also be extended on banks and the energy sector.
• The extension aims to support these sectors and boost the economy.

Source: orbitax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---