Pedro Sánchez announces that the VAT on electricity will drop from 10% to 5%

The President of the Government, Pedro Sánchez, has advanced during the control session to the Government this Wednesday that one of the first measures of the anti-crisis plan that the Government will approve on Saturday will be to reduce the VAT on the electricity bill from the current 10% to 5% .

NewsEditor
NewsEditor
24 June 2022 Friday 15:21
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Pedro Sánchez announces that the VAT on electricity will drop from 10% to 5%

The President of the Government, Pedro Sánchez, has advanced during the control session to the Government this Wednesday that one of the first measures of the anti-crisis plan that the Government will approve on Saturday will be to reduce the VAT on the electricity bill from the current 10% to 5% .

A measure that must compensate for the frustrated decrease in the bill that the Iberian exception should have brought, with the topping of the price of gas to generate electricity, and that after two weeks of application is barely leading to a decrease in the regulated price of around 4%.

Both consumers covered by the regulated market and the free market will benefit from this tax reduction, the lowest allowed by the European Union, and it is the one that both the PP and Citizens had already claimed, although it was rejected in principle by the Executive.

"We will present a decree to protect the families that are suffering the consequences of the pandemic and the war, advancing in the conquest of rights and freedoms, as we have done, recognizing a new right as a dignified death," Sánchez pointed out.

The session, in fact, has focused on the management of the crisis, with criticism from the opposition for the high cost of living, with harsh appeals from Cuca Gamarra (PP), who has urged the Government to rectify its recovery policies , and Gabriel Rufián (ERC), who asked Sánchez how he intends to end the legislature without the support of one of his main partners.

They have also had an impact on the challenges to the economic policy of the Government Edmundo Val (Citizens), Juan Diego Requena (PP) and José María Figaredo (Vox) both to Sánchez and to the Minister of Ecological Transition, Teresa Ribera, and to the Minister of Finance and Public Function, María Jesús Montero.

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