Feijóo targets Spain’s rising prices with 0% food VAT and lower energy tax
If your weekly supermarket shop seems to be eating an ever-bigger chunk of your pay packet, a proposal from Spain’s […]
Spain's opposition party PP wants to reduce VAT on basic food items to zero, lower energy VAT from 21% to 10%, and adjust income tax bands for inflation. These proposals, announced by Alberto Núñez Feijóo during a visit to a dairy company in Guadalajara, aim to ease the burden on household finances amid rising prices. The PP also wants to double child deductions retroactively from August, increase assistance for children under three, and reduce production costs for farmers.
The package, which also includes measures to lower administrative burdens for small businesses, will now face debate and voting in Congress and the Senate. If approved, the changes could affect food shopping, energy bills, and income tax for many Spanish households.
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