2024 regulation news
Skip information indexMain tax developments introduced by Royal Decree-Law 4-2024, of June 26, which extends certain measures to address the economic and social consequences derived from the conflicts in Ukraine and the Middle East and adopts urgent tax measures , energetic and social
VALUE ADDED TAX
-
Temporarily applicable tax rate on basic foods including olive oil
From July 1 to September 30, 2024, in accordance with the article of Royal Decree-Law 4/2024 , the 0% VAT rate and 0% equivalence surcharge rate on the following products:
-
Common bread, as well as frozen common bread dough and frozen common bread intended exclusively for the production of common bread.
-
The ## bread-making flours
-
The following types of milk produced by any animal species: natural, certified, pasteurized, concentrated, skimmed, sterilized, UHT, evaporated and powder.
-
The cheeses .
-
The eggs .
-
The fruits, vegetables, legumes, tubers and cereals, that have the status of natural products in accordance with the Food Code and the provisions issued for their development.
-
The olive oils .
From October 1 to December 31, 2024, the 2% VAT rate and the VAT equivalence surcharge rate will be applied 2## 0.26%.
-
-
Temporarily applicable tax rate on seed oils and pastas
From July 1 to September 30, 2024, in accordance with article 1 of Royal Decree 4/2024, the 5% rate will apply VAT and the equivalence surcharge rate of 0.62%.
From October 1 to December 31, 2024 the VAT rate of 7.5% and the VAT equivalence surcharge rate will apply. 1%.
-
Reduction of the tax rate applicable to olive oil.
With effect from January 1, 2025 , article 2 of Royal Decree-Law 4/2024 modifies article 91.Dos.1.1.º of Law 37/1992, of 28 December, of the Value Added Tax, to include olive oil among the basic food products that are taxed at the reduced rate of 4%.
Find more information at: Tipos_IVA_2024.pdf (agenciatributaria.gob.es)
por el que se prorrogan determinadas medidas para afrontar las consecuencias económicas y sociales derivadas de los conflictos en Ucrania y Oriente Próximo y se adoptan medidas urgentes en materia fiscal, energética y social.