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Update - Spain Publishes Decree-Law Extending Temporary Tax Cuts for Electricity

07 April 2022

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Approved Changes

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Spain

Spain has published Royal Decree-Law 6/2022 of 29 March 2022 in the Official Gazette. Among other things, the Decree-Law provides for the implementation of the further extension of temporary tax cuts for electricity announced by the Prime Minister in March. The tax cuts are extended to 30 June 2022, including the reduction in the VAT rate to 10% on electricity supplies, the suspension of the 7% tax on the value of electricity generation, and the reduction of the special electricity tax from 5.11% to 0.5%. Another interesting measure of the Decree-Law amends Law 39/2015 on the Common Administrative Procedure of...