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VAT: Spanish Canary Islands to Increase VAT rate to 7%

VAT: Spanish Canary Islands to Increase VAT rate to 7%

At the start of 2019, the Canary Island government reduced the IGIC (the consumer tax used in the Canary Islands) from 7% to 6.5%. The Canary Islands government has now proposed in its 2020 budget that it will reverse the lowering of this VAT rate, and from 1 January...
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