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.
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.
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.
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.
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.
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.