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.

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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%.


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