Spain ends zero VAT on food in October after nearly three years of extraordinary measures.

• Spain ends zero VAT on some foods on October 1st
• Spain aims to restore normal VAT rates by the end of 2024
• Portugal ended zero VAT on a basket of 46 food products on January 4th, 2024
• Spain adopted packages to respond to rising prices in the first half of 2022
• Spain had the best PMI index among major eurozone economies in April
• Spain approved measures to control inflation, including reducing VAT on certain foods
• Inflation in Spain was 2.3% in August, close to the EU average of 2.4%
• Spain approved measures totaling around 45 billion euros to address inflation in 2022
• Some essential foods in Spain have had zero VAT since January 2023
• VAT on certain food products in Spain will increase gradually until reaching normal rates in 2025
• Discounts on electricity bills and reduced VAT rates on electricity will remain in effect until the end of the year
• Discounts on public transportation passes and tolls will also continue until December

Source: jornaldenegocios.pt

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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