Spain scraps VAT on bread and milk in €10 billion cost-of-living package

Spain has scrapped VAT on staples like bread and milk and is expanding rent and eviction controls to ease the economic crisis caused by Russia’s war in Ukraine.

Rhyme Minister Pedro Sánchez announced the measures on Tuesday in a year-end speech. The government said it will also cut sales tax on cooking oil and pasta from 10 percent to 5 percent. Fish and meat products were exempt from tax reductions.

https://www.independent.ie/business/world/spain-scraps-vat-on-bread-and-milk-in-10bn-cost-of-living-package-42246722.html Spain scraps VAT on bread and milk in €10 billion cost-of-living package

Fry Electronics Team

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