IVA will change on the 1st of September. In an effort to slash 65 billion euros out of the government spending over the next two years, Mariano Rajoy, PM of Spain, today announced in front of Congress one of the most sweeping reforms ever laid down in democratic Spain. In brief: 18% IVA will go up to 21% 8% IVA will go up to 10% 4% IVA stays the same All government spending on political Continue reading 65 billion euro budget reform announced (IVA up, spending down, taxes up, benefits down, etc)
IVA (VAT) will go up from 18% to 21% at the end of the year, PM Rajoy announced this morning in Congress. Reduced IVA will go up from 8% to 10%.