Spain Publishes Decree-Law Further Extending Temporary Tax Cuts for Electricity
Spain has published Royal Decree-Law 11/2022 of 25 June 2022 in the Official Gazette. Among other things, the Decree-Law provides for the implementation of a further extension of temporary tax cuts for electricity, including a reduction in the VAT rate to 5% on qualifying electricity supplies (further reduced from 10%), the suspension of the 7% tax on the value of electricity generation, and t…
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