Spain Cabinet Approves Draft Royal Decree-Law to Extend Specific Tax Measures Due to Coronavirus

The Spanish Ministry of Finance and Public Administration Dec. 21 announced the cabinet approval of a draft royal decree-law to extend specific tax measures due to the coronavirus pandemic. The draft includes measures to: 1) extend the 10 percent reduced VAT rate and 0.5 special tax on electricity to April 30, 2022, from Dec. 31, 2021; 2) extend the suspension of tax on the value of electric energy production to Q1 of 2022; 3) extend the 4 percent super reduced VAT rate for surgical masks and zero percent VAT rate for EU intra-community deliveries, imports, and acquisitions of medical supplies ...