Spain to slash sales tax on health masks to 4% from 21%, minister says


Reuters | Updated: 11-11-2020 17:20 IST | Created: 11-11-2020 17:20 IST
Spain to slash sales tax on health masks to 4% from 21%, minister says

The Spanish government will cut the value-added tax on health masks to 4% from 21% in a bid to reduce their retail price amid the coronavirus pandemic, Budget Minister Maria Jesus Montero said on Wednesday.

Speaking during a parliament debate on next year's budget the minister said the government had made the decision after being informed by the European Commission late on Tuesday that the sales tax reduction was acceptable. "The government will ensure that VAT reduction translates into a lower price for the consumer and not into higher margins for business," she told lawmakers.

The use of masks covering the nose and the mouth to prevent coronavirus contagion has been mandatory for several months in most of Spain - which has the second-highest number of cumulative infections in western Europe - for people from the age of six.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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