Spanish First Vice President and Minister for Economic Affairs, Nadia Calviño, confirmed on 12 June 2023 that the government is extending the reduction in the VAT rates on oil, pasta, and other basic food products. With effect from 1 January 2023, the VAT rate was reduced from 10% to 5% on olive and seed oils and pasta and from 4% to 0% on basic food products including bread, bread flour, different type of milk, cheese, eggs, and fruits, vegetables, legumes, tubers, and cereals qualifying as natural products. Currently scheduled to end after June 2023, the reduced VAT rates will be...