THE SPANISH GOVERNMENT IGNORES RECOMMENDATIONS TO DOUBLE TAXES ON MEAT PRODUCTS
March 1st, 2014
The Spanish meat industry has said it is relieved by its government’s decision to ignore recommendations to double its sales tax (value added tax - VAT) on meat products, but the meat sector is still unsure how an upcoming tax reform will affect it. A proposal to increase VAT on certain food products, including meat, from 10% to 21%, was one of tax reform recommendation submitted by a panel of experts chosen by the Spanish finance minister Cristóbal Montoro. Spain plans to overhaul its tax system starting in 2015 and a report from this panel was expected to ...
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