VATLive > Blog > Spain > Canary Islands VAT rise to 7%

Canary Islands VAT rise to 7%

  • Dec 26, 2019 | Richard Asquith

The Canary Island in its 2020 budget is to reverse the 2019 Canary Islands VAT (‘IGIC’) rise. It is now planning to increase IGIC from 6.5% to 7% on 1 January 2020.

In addition, the luxury goods VAT rate would rise from 13.5% to 15%. Also, the 3% rate would be re-imposed on non-domestic electricity supplies.


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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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