Spain to increase VAT in 2013
17 June 2012 @ 17:17
According to Reuters, the Spanish government intends to raise the VAT rate next year, in an effort to tackle its massive budget deficit:
Spain intends to raise its value added tax (VAT) rate in 2013. The country has one of the lowest VAT rates in Europe, even after hikes in 2010. The government is concerned tax rises will hurt economic growth.
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