Removal of VAT on olive oil sales price It may take months to apply and therefore they see themselves reflected in supermarkets. The tax cut, one of the measures agreed between the government and the Junts parliamentary group this Wednesday, will be included as follows: Change in the anti-crisis measures decree Initially, it will only be extended from 2023, as Minister of Agriculture and Food Luis Planas confirmed in a meeting with the distribution sector. The transaction will be performed by yes emergency procedureleaving it in your hands Congress of Deputies Table This is key to speeding up approval of the tax cut. The process will continueor less than one and a half months, But it will depend on the speed of passage in the Senate, where the PP has an absolute majority.
Planas expressed confidence that the epidemic would be suppressed. VAT will help reduce the high cost of olive oilDistribution employers applauded this measure. The Minister reminded that this is a product that was already “marked” by the Government at the first approval of anti-crisis measures a year ago, as it was one of the most affected by food inflation, and therefore it was decided to reduce inflation. even then your VAT has now increased from 10% to 5%.
President of Agriculture who attended the meeting food distribution employers Anged, Aces and the Spanish Association of Distributors, Self-Service and Supermarkets (Asedas) within the framework of contact meetings held at the beginning of the legislative assembly, the Government consumer staples and that the oil case was a “particular change” as a result of “absolutely sensible parliamentary deliberations”.
Planas declined to comment on the convenience (or lack thereof) of the app. Includes fish, meat and preserves It is on the list of foods that benefit from the removal or reduction of VAT. “We continue to think that this is a list of products that have already been subject to tax deduction from the beginning.” That is, basic foods, oils and pasta. “The situation is very clear,” he stressed, “we have tried to reach the majority of citizens with fiscal measures, most consumed products“.
bad harvest
In any case, the Minister has tempered expectations on the matter. The impact of this decrease in the price of olive oilIt is the most inflationary product in the shopping cart because its price is due to other reasons.
“We should not hide that the sources of the increase in olive oil prices for consumers in the last two years are mainly due to drought and climate change, especially global warming. rising temperatures”, he stated. The harvest in the last campaign was 55% lower than in the average campaign, and in this campaign it will be “higher than the previous campaign”, although below the average of recent years; that is, “this is the real inflation factor.”
distribution reaction
Also on this issue, Aurelio del Pino, president of the Association of Spanish Supermarket Chains (ACES), emphasized that commercial distribution wishes to discount more foods, but in the meantime, every discount will be welcomed. Matilde García, president of the National Association of Large Distribution Companies (Anged), expressed her desire that fiscal policy should not be subject to last-minute “oscillations”, although she appreciated the decrease in VAT on oil. .