Average VAT could rise from 8% to 18%
The government’s plan to increase IVA (VAT) has been leaked – they don’t want to increase IVA across the board, they want to requalify a bunch of products from 8% into the 18% range. Amongst items mooted are cinema tickets, hotels, transport, and drinks in bars -eek!- (all 8%) which would see an extra 10% slapped on them. Spain has three IVA bands : Superreduced at 4% (bread, basic foodgoods, newspapers, certain health products, not Continue reading Average VAT could rise from 8% to 18%