US EditionSpain to Cut Fuel, Electricity Taxes in New Economic Relief ...
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11 Articles
VAT reduction is one of the 80 measures of the Integral Response Plan to the crisis in the Middle East. It will mobilize EUR 5 billion and aims to "protect citizens, businesses, primary sector and industry".
The government’s anti-crisis measures announced this Tuesday include electricity, gas, fuel and housing. In total, a series of aid to alleviate the consequences of Iran’s war in which the government is going to invest 5 billion, including lowering the VAT on electricity, gas and gasoline to 10%, and abolishing taxes on electricity. In addition, the plan will include a minimum reduction (5%) of the electricity excise tax and a reduction in the ta…
It has announced a plan of 5.8 mmdd to cushion the effects of war and that contemplates the reduction of taxes on energy.
Pump Prices Plunge In Spain
Pump Prices Plunge In Spain. The Spanish government has cut IVA on fuel from 21% to 10% saving motorists around €20 on a full tank. Pump Prices Plunge In Spain The Spanish governent has announced a €5 billion aid package to combat rising energy costs caused by the outbreak of war in Iran. Tax on fuel is being slashed from 21% to 10%, with the cut coming into force today (Saturday 21st March). This will save motorists around €20 on a full tank…
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