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    • Spain Cutting VAT Rate From 21 To 5% On Natural Gas
    13
    Sep

    Spain Cutting VAT Rate From 21 To 5% On Natural Gas


    Spanish Prime Minister Pedro Sánchez reportedly announced on 1 September 2022 that the VAT rate on natural gas will be temporarily cut from 21% to 5%. The rate cut will apply from October to December 2022 to support households and businesses in response to rising prices. The rate cut for natural gas is in addition to the temporary tax cuts for electricity, which includes a VAT rate of 5% on electricity supplies that also applies until the end of December 2022.


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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.