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IVA (Spanish VAT) is set to increase with effect from the 1st July, which will see the general 16% rate increase to 18%, and the reduced 7% rate to increase to 8%. Only the 4% basic rate is to remain unchanged.
Click here to read further details to see which products and services fall into which particular IVA banding, and to see exactly How the IVA rates are due to change
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