Electricity

VAT returns to 21% for electricity

Despite announcing earlier this year that VAT would increase from 5% to 10% until the end of 2024, it will revert to 21% from 1 March 2024. Why is this happening? The Royal Decree Law 8/2023 established that, as an emergency measure in response to the energy crisis resulting from the conflicts in Ukraine, VAT…

Government will increase electricity taxes

During the meeting of the Council of Ministers on Wednesday 27 December, the government gave the green light to the eighth anti-crisis package. These measures aim to support Spanish citizens in the face of the economic challenges arising from the COVID-19 pandemic and the conflict in Ukraine. While many of the previously approved measures will…