The Government is going to protect tourism from the VAT increas

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Work on a decree-law to maintain the reduced rate of 8% in the sector The increase in the reduced VAT from 8 to 10 percent will not affect tourism, as was believed. The Government is finalizing the drafting of a decree-law in which it will create an exemption for this sector, with the aim of not harming one of the country's economic assets. The text will go forward in the Council of Ministers. Brussels gives Spain a month to present the 2013 and 2014 budgets. Requirements: increase in VAT, retirement age, reduction in social contributions and eliminating the housing deduction All the data on the plummeting collection in Spain. The State has stopped paying 4,000 million in Personal Income Tax, VAT, Corporate and Special Taxes in the last year The Government's macro-adjustment has a calendar: increase in VAT and reduction in Unemployment this summer, cuts in city councils at the end of the legislature.

Rajoy advanced the reforms to Brussels two weeks ago  As El Confidencial Digital has learned , Mariano Rajoy will meet today with the Fiscal and Financial Policy Council with a double objective: to establish how the adjustment measures announced yesterday in the Congress of Deputies will be applied and to shape a Middle East Mobile Number List decree-law that protects the tourism from the VAT increase . Specifically, Executive sources explain, " they want to establish an exemption to the increase in the reduced rate from 8 to 10 percent , so that it does not apply to the tourism sector, included in that tax margin." The Government assures that this decree “ will be approved by the Council of Ministers ”, so that the announcement of the VAT increase does not harm the current hotel campaign.



Objective: save one of the most important sources of financing in the country The decision to create a decree-law to protect tourism has been a “solution” by the Government to Brussels' imposition to raise VAT before the summer . As announced in these pages , Mariano Rajoy and his team tried to convince Brussels until the end of last month to delay the increase in this tax to save the summer campaign, but the European Commission flatly refused due to the ineffectiveness of measures such as the tax amnesty. Despite this position of the EU, and the inevitability of raising VAT, Cristóbal Montoro guaranteed José Ramón Bauzà , president of the Balearic Islands, on Tuesday that the measure would not affect tourism, something that the Government will finally comply with through the approval of the cited decree-law.