Spain has extended the zero VAT rate for certain foodstuffs until 31 December 2024, including adding olive oil to the list of essential foodstuffs. This measure was initially taken in 2023 due to high inflation levels resulting from the Ukraine war and has been extended multiple times. The temporary zero VAT rate applies to basic foodstuffs such as bread, flour, milk, cheese, eggs, fruits, vegetables, legumes, and cereals. In addition, the VAT rate for electricity, natural gas, and wood for energy has been raised to 10% from 1 January to 31 December 2024.
Source Marosa
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "Spain"
- Government approves draft bill to transpose first part of new VAT directive for digital economy
- Spain Approves Bill to Amend VAT Law, Transposing EU Digital Age Directive (ViDA)
- How to Recover VAT Paid in Bahrain: Eligibility, Process, and Key Deadlines for Businesses
- Judge Proposes Trial for Criminal Organization Over €194 Million Hydrocarbons VAT Fraud in Spain
- AES Export Declarations: Zero Gross Mass Validation Rule Effective from December 3, 2025
