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Reduced VAT Rates on Face Masks and Electricity Extended and Zero Rate on Basic Foods

As announced by the Spanish Ministry of Finance on 27 December 2022 and pursuant to Royal Decree-Law 20/2022, the reduced VAT rates applied to supplies of face masks and electricity have been extended. Surgical face masks will maintain the 4% VAT rate until 30 June 2023, and electricity will maintain the 5% VAT rate until 31 December 2023.

Source Sovos

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