The Minister of Finance, María Jesús Montero, put the savings to be about 190 million euros “family set and companies set“In the last quarter of the year, with the reduction of VAT on gas from 21% to 5%, which Prime Minister Pedro Sánchez announced to take effect from October to December. Take action after December to support the lowering of the bill in the colder months when it is necessary to turn on the heating .
“This Government will continue to accompany Spanish families with appropriate measures at the appropriate time,” Montero told the press in Mérida (Badajoz). Said. “In these months when gas will continue to be at high levels, and on this occasion, the Spanish government is accompanying it with a selective tax measure such as lowering VAT to save families and businesses around 190m euros. The state will stop collecting and return to all families and all companies.” said.
The Finance Minister stressed that the collection impact of this measure of around 200 million would in any case be far less than the impact of reducing VAT on the electricity bill to 5%. VAT on electricity fell from 21% to 10% in June 2021 and then to 5% in June 2022. Montero, 10 billion Impact of VAT reduction on electricity until December.
Regarding the authorship that PP attributed to this gas VAT reduction, which was initially downplayed by the Government, the minister took the opportunity to highlight the “contradiction” of opposition that was later attributed to the introduction of certain measures in Congress that rejected support. MPs, as with the decree that included VAT reduction in electricity.