- Spain is ending its temporary VAT cut on electricity and natural gas, returning the rate to 21% on June 1.
- The special electricity tax will also rise back from 0.5% to the usual 5%.
- The measure had lowered VAT to 10% for about a month and a half as part of Spain’s anti-crisis package.
- Fuel discounts will stay in place at least until June 30 because inflation remains above the government’s threshold.
- Other support measures, including aid for farmers and transport workers, will also continue until June 30.
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.
Latest Posts in "Spain"
- ECJ Rules on Spanish VAT Deduction Limits for Client Gifts
- CNMC Says Most Gas Stations Pass on VAT Fuel Tax Cut
- Spain Clarifies Card Payment Terminals Are Not Always Billing Systems
- Spain’s B2B E‑Invoicing: AEAT Introduces Multi-Layer Validation and 5‑Corner Architecture
- Individual Landlord Leasing Without Employees Falls Outside RRSIF Scope
