VATupdate

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Update on VAT Rates in Alava (Basque region): Impact on Basic Foodstuffs and Seed Oils

  • Fiscal Decree 2/2024 in Álava aligns tax regulations with VAT changes
  • Aim is to adapt tax regulations to modifications introduced by Royal Decree-Law 4/2024
  • Changes linked to urgent fiscal measures due to conflicts in Ukraine and the Middle East
  • Temporary increase in VAT rates from October 1 to December 31, 2024
  • Seed oils and pasta VAT rises to 7.5%
  • Basic foodstuffs VAT rises to 2%
  • From January 1, 2025, olive oil will have a permanent super-reduced 4% VAT rate

Source: fiscal-requirements.com

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.

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