IVA on Jamon serrano

While on the general subject of olive oil, have you ever stopped to think about the tax level on a nice Jamón Serrano?

Guess how much IVA you pay on a Jamon, even a nice bellota, pata negra, best of the best? Luxury product, special once a year treat, sort of thing.

No, despite everybody agreeing a Jamon is a luxury product, it’s not 16%.

It’s 7%.

But if it’s cut up, deboned or otherwised prepared for the masses in a pack, it goes back up to 16%.

Guess the chap who thought that one up was partial to a bit of Jamón himself.

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