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Spain announces a 3% increase in its standard VAT rate
Thursday, 12.07.2012
VAT News
Spain’s Prime Minister, Marino Rajoy, announced yesterday that the standard Spanish VAT rate would increase from 18% to 21%, as part of a number of austerity measures to be introduced.
The reduced VAT rate of 8% will also increase to 10%, while the super reduced rate of 4% will remain unchanged.
These changes are expected to take effect from 1st August 2012.


















