- Spanish government ending reduced VAT rate on staple grocery items on June 30
- Measure was introduced last year to ease burden on shoppers as food inflation soared
- 0% VAT rate on basic items like milk, bread, eggs, cheese, fruit, cereals, vegetables, and olive oil extended in December
- Tax reduction from 10% to 5% on pasta also maintained for six more months
- Economy stabilizing, government will gradually eliminate crisis measures
- Special Tax on Electricity and Tax on the Value of Electrical Energy Production will also be gradually recovered
- Decision makers don’t foresee huge impact on average consumer, but households disagree as cost of grocery items continues to climb.
Source: spanishnewstoday.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.
