Saturday, July 24

The Government will lower the VAT on electricity from 21% to 10% this Thursday in the Council of Ministers

The Minister council It will lower the VAT on electricity at its extraordinary meeting next Thursday, as confirmed by government sources. The initial idea is that a reduction in the VAT rate from 21% to 10% be permanent for all domestic consumers, who have a contracted power of up to 6 kW.

Similarly, the reduction of the tax rate should not be subject to the evolution of the market price, since such reductions would require frequent reviews adding complexity to the system. Finally, the measure should also affect SMEs with a contracted power of up to 15 kW.

The measure is an old vindication of United we can That comes at a time when the price of electricity is skyrocketing, reaching its highest for the year. In their electoral program, the purple ones were already betting on this reduction, although only for “vulnerable consumers.”

This is also the first of a battery of measurements that PSOE and United We can have been negotiating for several days, and among them the Ministry of Social Rights – led by the purple secretary general, Ione Belarra – had proposed to the Ministry of Ecological Transition reduce the VAT rate of the electricity bill from 21% to 10%.

For their part, from the socialist wing they were more supporters of to temporarily suspend the electricity tax, a 7% surcharge on electricity generation.

The Minister for the Ecological Transition, Teresa Ribera, announced a week ago that a measure that it already used in November 2018 would be approved, the temporary suspension of the 7% tax on electricity generation. A decision with which it was expected to lower the electricity bill from between the 2.5% and 4% in the domestic receipt and between the 5% and 5.5% of the industrial invoice,

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Reference-www.elespanol.com

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