1 Sep, 2022 @ 17:00
1 min read

Tax on gas to be slashed in Spain to reduce the impact of inflation

Tax Pen Writing Taxes

PRIME Minister Pedro Sanchez has confirmed that IVA (VAT) on gas will be slashed from 21% to 5% from October to help families with the cost of heating.

Speaking to Cadena SER, Sanchez claimed it is possible that measure would continue into next year, depending on the economy.

Business Person Using A Laptop To Complete Income Tax Return For
Photo: Adobe Stock

Sanchez added: “We do not contemplate restrictions on gas this winter, the context is very uncertain, but we have a more secure situation than other countries.”

He also reminded his interviewer that the Spanish government has reduced tax on electricity by 80%.


Jorge Hinojosa

Jorge Hinojosa Mena was born and bred in Madrid before moving to the UK to study. After an undergraduate degree in Manchester, he completed an MA in International Journalism at City. He has worked in radio and for Spain’s Efe news agency before joining the Olive Press in March 2022. Contact: [email protected]

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