Basque Country: Amendments to VAT and Special Taxes Regulations Effective December 2024

• A new decree modifies previous tax regulations on value-added tax and special taxes in the Basque Country.
• The changes are based on Law 7/2024, which introduces new taxes and modifies existing ones.
• The decree incorporates measures from Law 7/2024 into existing tax regulations.
• For value-added tax, changes affect the handling of certain fuels and require guarantees for tax payments.
• A 4 percent tax rate is applied to fermented milk products starting December 22, 2024.
• Special tax regulations are updated, affecting the management of hydrocarbon taxes.
• The updates aim to align local tax regulations with national standards.

Source: audiconsultores-etlglobal.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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