5 May 2022 • 1 minute read
Country-specific: Spain
- Pursuant to Royal Decree-Law 6/2022, with effect from 31-3-2022, the application of the reduced 10% VAT rate to electricity consumption is extended until 30-6-2022 for consumers: (i) who have a contracted power of 10 kW or less, provided that the average wholesale electricity market price corresponding to the month prior to the last day of the billing period has exceeded 45 euros per MWh, or (ii) are considered severely vulnerable and at risk of exclusion, irrespective of the contracted power or the price of electricity.
- Royal Decree-Law 3/2022, has established an specific VAT regime for the organising entity, teams or players related to the hosting of the UEFA Europa League 2022, establishing, among others that the use and enjoyment rule will not apply when the services are provided by legal entities resident in Spain incorporated for the purpose of the event, by the organising entity or by the participating teams, and are related to the organisation, promotion or support of this event.
