- The government restored VAT to usual levels, boosting public finances with €1.67 billion in additional revenue.
- Basic food products and electricity saw VAT increases after temporary reliefs ended.
- Spain’s economy remains strong with high consumption and inflation, increasing nominal spending.
- The Treasury collected €209.85 billion between January and August, a 10.8 percent rise from last year.
- VAT income has steadily grown due to inflation and economic momentum.
Source: euroweeklynews.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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