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05 Sep 2012: Major shopping chains in Spain promise to absorb IVA increases

THERE is a bit of good news for consumers as major shopping chains in Spain have promised to absorb the impending 3% IVA (VAT) increase. Supermarket giant Mercadona, which claims 90% of its more than 8,000 lines have kept the same prices from a year ago, is the latest to announce it will not pass on the IVA increase to

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05 Sep 2012: President of the Government rules out further increases to Personal Income Tax and VAT in 2013

Mariano Rajoy is not considering further VAT or Personal Income Tax increases in the 2013 Budget and hopes not to have to take such difficult decisions for the Spanish people as those taken during the first months of his term in office. The President of the Government also calls for greater economic and fiscal integration

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23 Aug 2012: Junta de Andalucía object to higher IVA/VAT on golf courses

The Junta de Andalucía has asked for IVA/VAT not to be put up on golf courses. The I.U. Councillor for Tourism and Trade, Rafael Rodríguez, has written to Central Government to complain that the IVA increase is going up from 8% to 21%.

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