The tax reform agreed between the PSOE and Unidas Podemos will include an increase in VAT on tobacco and betting houses and a reduction on feminine hygiene and veterinary products. This was announced by the purple party deputy Txema Guijarro, who has also advanced the new path of stability and the non-financial spending limit ("spending ceiling") that will serve as a prelude to the General State Budgets for 2020.
Banning betting advertisements would cause "major harm", according to Alberto Garzón: the 100 measures just announced by the Minister of Consumer Affairs In this sense, the parliamentarian has defended that the tax reform will Pakistan WhatsApp Number include an increase in the last tranche of personal income tax, a harmonization of corporate tax – direct on income – and a reduction in the rate applied to SMEs . Of course these will not be the biggest changes. The main modifications in tax matters will concern indirect taxation in the form of VAT , which "will be raised for certain products and services", such as tobacco and betting houses, while it will be lowered for feminine hygiene products and veterinary services .
What measures have PSOE and Unidas Podemos agreed upon for the new Government, ministry by ministry Predictably, VAT on feminine products will drop from 10% to 4% and veterinary products from the current 21% to 10% . As for the other two, the variations in VAT on tobacco do not appear in the agreement presented by PSOE and Unidas Podemos for the formation of the coalition Government and the investiture of Pedro Sánchez, so it is not yet known how much their taxes will increase. . Guijarro also recalled that the measures will be accompanied by the creation of new taxes on certain digital services ( Google Tax ) and financial transactions ( Tobin Tax ).