ICONOS FINALES-TRAZADOS

BASQUE COUNTRY AND NAVARRA: Ends the VAT reduction in light of the Middle East crisis

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The reduction has already ended for electricity and gas. For fuels, it continues, in principle, until June 30.

As you may recall, temporarily, the Treasury reduced the VAT on certain energy products and fuels to 10% to alleviate the impact of the Middle East crisis on energy costs. Specifically, the reduction affected the following products:

✓ Supply of electricity for holders with a contracted power of less than 10KW and for recipients of the electricity social bonus who had recognized the condition of severely vulnerable or severely vulnerable at risk of social exclusion.

✓ Natural gas, briquettes, and pellets from biomass and firewood.

✓ Certain gasoline, diesel, and biofuels intended to be used as fuels.

This measure was to be applied, in principle, until June 30,2026, although its early cancellation was anticipated if in April the variation of the CPI of these products did not exceed more than 15% the CPI of the same month of the previous year. Well:

The reduction for electricity and gas has already concluded

On June 1, the reduction of the rate has concluded, since the price of these supplies has been contained in April.

Fuels maintain it

Fuels, on the other hand, maintain their reduction until June 30 since their inflation in April remained above the indicated 15%.

And after June 30…

We will have to wait and see if the Government advocates for the continuity of this anti-crisis measure.

We are at your disposal for any clarification related to this VAT reduction.

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