
Spanish PM, Pedro Sánchez, has announced that he will bring down IVA on gas from 21% to 5% from October to at least the end of the year.
The Central Government has at last taken a step to combat the high cost of electricity, drawing praise, as well as criticism for not going far enough.
The IMF has observed that this is not the moment to increase IVA in Spain, as the Central Government had planned within the 2021 budget proposal.
The Central Government announced yesterday that they would bring the price down on obligatory masks, after the EU dismissed Madrid’s claim that they couldn’t.
The claim made by the Spanish Government last weekend that the EU would not let it lower the IVA on masks caused surprise in Brussels and provoked a response.
The Minister of Hacienda, María Jesús Montero, claims that EU regulation prevent the Spanish Government from lowering the IVA charged on obligatory masks.
Do you know just how much tax revenue your vehicle makes for the State? It’s a lot, collected by the Central Government right down to your town hall.
Quite unreasonably the IVA on obligatory surgical masks is charged at 21%, despite it being a necessity, which is why one chemist is up in arms.