Spain Gazettes Royal Decree-Law Amending Various Tax Measures

The Spanish Official Gazette March 21 published Royal Decree-Law No. 7/2026, amending various tax measures. The law includes measures: 1) reducing the hydrocarbon tax rates for gasoline, diesel, fuel oil, liquefied petroleum gas (LPG), natural gas, kerosene, and certain biofuels, until June 30; 2) reducing the special electricity tax rate to 0.5 percent, until June 30; 3) reducing the VAT rate for qualifying supplies of electricity, natural gas, biomass briquettes and pellets, firewood, and certain fuels to 10 percent, until June 30; 4) extending the individual income tax deductions for qualifying home energy efficiency works, plug-in or fuel cell EVs, ...