Spain’s VAT to increase from 18% to 21%

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This topic contains 10 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 3 months ago.

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  • #56920
    Profile photo of Anonymous
    Anonymous
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    The latest austerity measures means that the sales tax VAT would go up to 21% from 18% and there would be a 3.5bn euro cut in local authority budgets. The measures are in return for a eurozone bank bailout and an extension to Spain’s deficit reduction targets.

    Rise in reduced VAT rate on public transport, hotels and processed foods from 8% to 10%.

    Basic goods VAT on bread, medicine and books stays at 4%.

    Christmas bonuses suspended for public sector workers.

    Unemployment benefit cut from sixth month out of work.

    30% cut in councillors in some areas

    Subsidies to be cut by 20% in 2013 for political parties, unions and workers.

  • #110372
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    do you have a link to the article?

  • #110373
    Profile photo of Anonymous
    Anonymous
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  • #110509
    Profile photo of Anonymous
    Anonymous
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    Interesting table

  • #110809
    Profile photo of Anonymous
    Anonymous
    Participant

    Interesting table

  • #110541
    Profile photo of Anonymous
    Anonymous
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    Not sure how the tourists would handle it but why not make the VAT change depending on if it’s the summer months or not. =) That way it’s not disciminatory towards EU citizens.

  • #110841
    Profile photo of Anonymous
    Anonymous
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    Not sure how the tourists would handle it but why not make the VAT change depending on if it’s the summer months or not. =) That way it’s not disciminatory towards EU citizens.

  • #110547
    Profile photo of Chopera
    Chopera
    Participant

    @Ardun wrote:

    Not sure how the tourists would handle it but why not make the VAT change depending on if it’s the summer months or not. =) That way it’s not disciminatory towards EU citizens.

    Interesting – I mentioned to my Spanish wife that I thought it strange that they moved it back to September – why not introduce it in August like they were going to in order to get more foreign holidaymakers to pay VAT? She reckons it was something to do with the large tourism lobby demanding they leave the precious tourists alone.

  • #110847
    Profile photo of Chopera
    Chopera
    Participant

    @Ardun wrote:

    Not sure how the tourists would handle it but why not make the VAT change depending on if it’s the summer months or not. =) That way it’s not disciminatory towards EU citizens.

    Interesting – I mentioned to my Spanish wife that I thought it strange that they moved it back to September – why not introduce it in August like they were going to in order to get more foreign holidaymakers to pay VAT? She reckons it was something to do with the large tourism lobby demanding they leave the precious tourists alone.

  • #111975
    Profile photo of Anonymous
    Anonymous
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    Spanish VAT went up today. Everything just got more expensive, except for new housing, which goes up from 8pc to 10pc at the start of next year.

    Here is an interesting chart comparing VAT in Spain to other European countries.

  • #111978
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