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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 646. Brussels reprimand Spain on VAT reduction
30 November 2011 @ 17:21

Redution of VAT to 4% in force till december the 31st is against European Directive on VAT which established the reduced rate ( 5%) just for social housing. 

Tax Inspector´s association spokeman Francisco de la Torre thinks the current reduction will be banned and therefore taxes incentives for property sales will have to be worked within the ambits of Transfer Tax and Income Tax.

Zahara de la Sierra

"Zahara de la Sierra", Cadiz, Spain, by el holgazan, at flickr.com



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7 Comments


Keith said:
30 November 2011 @ 18:18

Oh dear. And that was one of Beatriz Corredor's big selling points when she gave us a 'lecture' on the positive state of the Spanish Property Sector at OPP Live in October.

Surely Sra. Corredor and Sr. Blanco must have checked the European Directive before implementing the reduction!?!

Kind regards

Keith


Sandra said:
30 November 2011 @ 19:37

Of course they didn't Kieth. Why should they stick to the letter of the law on something as trivial as that when, for years, they have been robbing prospective purchasers wholesale.

If they were competent politicians and actually knew what they were talking about then they could be accused of 'Hoping to get away with it'.
My guess is that it is the usual sheer ignorance and incompetence and the culture of trampling over any legislation that is in place. Everyone wants to be in charge and the accompanying arrogance will inevitably lead to even more misery for property purchasers in Spain.

Another fine mess!




Sandra said:
30 November 2011 @ 20:16

Of course they didn't Kieth. Why should they stick to the letter of the law on something as trivial as that when, for years, they have been robbing prospective purchasers wholesale.

If they were competent politicians and actually knew what they were talking about then they could be accused of 'Hoping to get away with it'.
My guess is that it is the usual sheer ignorance and incompetence and the culture of trampling over any legislation that is in place. Everyone wants to be in charge and the accompanying arrogance will inevitably lead to even more misery for property purchasers in Spain.

Another fine mess!




Clive said:
03 December 2011 @ 11:27

This surely is a classic case of Brussels / EU interfering where they just shouldn't. It is up to individual countries to levy their own levels of vat etc on whatever they want, for whatever length of time. To me that is simple common sense. Seems that yet another 'directive' is way out of date. No surprise there then..!!


Robert Beavis. said:
03 December 2011 @ 12:24

Yes, Brussels interfering again. Politicians who cannot be voted in or out by the general public, milking their salaries, and half the time could not organise a "DRINK" up at a brewery. Sometimes its a joke.


Martin said:
03 December 2011 @ 12:44

Variations to reduce VAT have always been under the control of Brussels, the only exceptions are increases or new tariffs.


Maria in Madrid said:
08 December 2011 @ 13:51


The departing Spanish government is composed of the most stupid gang of clowns imaginable.

Even if Rajoy were a raving lunatic (which he isn't) he could not do worse. Spain is in for some VERY tough times ahead thanks to eight years of utter incompetence by a government which claims to be "socialist" which is an insult to "socialism".

Most of them should be sent to jail - for a very, very long time


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