Spain Extends Zero VAT Rate on Essential Food Items to Support Consumers

• The Spanish government has extended the zero VAT rate on essential food items until September 30, 2024
• Olive oil will also benefit from the zero VAT rate starting July 1, 2024
• From October 1, 2024, a minimal VAT rate of 2% will be applied on these items
• The original VAT rates will be restored on January 1, 2025
• This temporary relief aims to provide savings for consumers and support economic stability

Source: fiscal-requirements.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.

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