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Cost of dying in Spain increases by over 13%

Mon 23rd Jul 2012
Cost of dying in Spain increases by over 13%

With the majority of the headlines focussing on the increase of the rate of IVA last week, it seems that the fact of a number of services being re-categorised from the 'reduced rate' to the 'general rate', has been allowed to pass by un-noticed.

Products and services such as Flowers, hairdressing, membership and entrance to Sporting and Cultural events, and Funeral services were previously charged at an 8% rate of IVA (the 'reduced rate', due to increase to 10%), but have now been reclassified to the 'general rate'. Not only was the previous 'general rate' more than twice the reduced rate (at 18% up until the recently announced hike), but it has also now increased to 21%.

With the cost of the average Spanish Funeral amounting to 3'000 (which previously included 240 IVA at 8%), will now mean that the IVA paid would be 630 at 21%. Naturally this means that the additional cost will be passed over to the bottom line, meaning an increase of at least 400.

Comment on this Story

 
Very cynical, but it makes sense.... increasing the taxes on something that there will always be a demand for...
Mr Grumpy - Tue, 24th Jul 2012