Taking into account the clause “rebus sic stantibus”, which allows modifying a contract in the event of a sudden and extraordinary change such as a pandemic, the Court of First Instance number 20 of Barcelona cut the rent of 27 properties paid by a specialist company by half in tourist accommodation. After arguing that due […]
Tag: value added tax
Personal income tax on high income, Equity, VAT on soft drinks or insurance, main tax increases in 2021
Most of the main Spanish taxes will register changes or increases in the year 2021, since the personal income tax will increase on high incomes, the exemption on dividends or capital gains of subsidiaries in Companies will be limited, it will increase 1% Equity, it will increase 10% to 21% VAT for sweetened beverages, pension […]
The increase in VAT will mean a drop in turnover of up to 370 million and the loss of up to 6,165 jobs
The increase in VAT from 10 to 21% to sugary and sweetened beverages planned by the Government will result in a direct drop in turnover of between 119 and 370 million euros per year, as a result of the decline in consumption and between 1,980 and 6,165 jobs will be lost throughout the agri-food chain. The impact […]
From Coca-Cola to Don Simón Juices: these are the sugary drinks with a VAT increase
The Government announced yesterday that it “eliminates the application of the reduced VAT for soft drinks, juices and soft drinks with added sugars or sweeteners. “This means that they will be taxed with 21% instead of 10%. As an example, a 330 ml can of Coca-Cola, one of the affected products, will go from […]