Rajoy: Spain increases VAT

Author: Gerry Davies | Category: News

Author: Gerry Davies

  • VAT to rise to 21% from 18%
  • Increase in environment tax
  • Payment for new jobless cut to 50% of salary from 6 months
  • May revise installments on company tax
  • Tariff deficit to be eliminated
  • Power debt to be split between consumers, companies
  • New tax system to be used to eliminate tariff debt
  • To scrap rebate for homebuyers in 2013
  • Budget measures worth 65 bln euros over 2 years
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