Fuerteventura Forum

General Chit Chat & Queries - no commercial links => General Chat - old => Topic started by: 14yew on July 11, 2012, 09:56:48 AM

Title: VAT Increase
Post by: 14yew on July 11, 2012, 09:56:48 AM
Just read that main rate of VAT in Spain has been increased from 18% to 21%. Will  this affect the rate in the Canary Islands?
Title: Re: VAT Increase
Post by: woe10 on July 11, 2012, 11:48:55 AM
DonĀ“t think so.  In the Canaries we pay IGIC. Between 5% - 7% depending what the product is.
Title: Re: VAT Increase
Post by: Captain Sensible on July 11, 2012, 13:26:02 PM
IGIC went up on the 1st July, as the Canarian Government attempts to recoup a shortfall of finance from Central Government.
Title: Re: VAT Increase
Post by: potash on July 11, 2012, 15:02:56 PM
Live and learn if you are thinking of getting phone line and broadband get it through your local shop do not do it on line as you will pay mainland Spain vat now 21% against the new rate on the island about 10% silly me did still only two months left on contract so i can move then. >:( >:(