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Modification of the VAT in Spain from 01.09.2012

Due to fiscal measures approved by the Royal Decree- Law, of July 13th, the Spanish VAT rate will rise. The VAT rise will come into effect on September 1st, 2012.

VAT Rates

Until 31.08.2012 from 01.09.2012 on
Standard: 18% ————— 21%
Reduced: 8% —————– 10%
Super reduced: 4% ———- 4%

VAT Special system for equivalence surcharge
VAT Rates

Until 31.08.2012 from 01.09.2012 on
Standard: 4% —————- 5,2%
Reduced: 1% —————- 1,4%
Super reduced: 0,5% —- 0,5%

Additionally, some items are changing their rates from the Reduced to the Standard, such as flowers and ornamental plants, diverse hostel services, cinema, theatre, circus and other performance, funeral services, hairdresser services, digital TV and the acquisition of work of art.
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Furthermore Withholding Tax rate on professional activities rises temporally from the current 15% to 21%, from 1st September 2012 until 31st December 2013.

For more information:

Adminex Spain

Barcelona
c. Diputación 237, 8º 3ª
08007 Barcelona
España
Tel: +[34] 93 272 12 61
Fax: +[34] 93 487 38 14

Madrid
c. Ríos Rosas 44ª, 2ºH
28003 Madrid
Tel.: +[91] 598 50 84
Fax: +[91] 534 78 61

E-mail: montse.gali@adminex.com

Montse Gali
Tax Department

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