- Spain ends zero VAT on some foods on October 1st
- Spain aims to restore normal VAT rates by the end of 2024
- Portugal ended zero VAT on a basket of 46 food products on January 4th, 2024
- Spain adopted packages to respond to rising prices in the first half of 2022
- Spain had the best PMI index among major eurozone economies in April
- Spain approved measures to control inflation, including reducing VAT on certain foods
- Inflation in Spain was 2.3% in August, close to the EU average of 2.4%
- Spain approved measures totaling around 45 billion euros to address inflation in 2022
- Some essential foods in Spain have had zero VAT since January 2023
- VAT on certain food products in Spain will increase gradually until reaching normal rates in 2025
- Discounts on electricity bills and reduced VAT rates on electricity will remain in effect until the end of the year
- Discounts on public transportation passes and tolls will also continue until December
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.
