IVA cuts on basics and lower tax for the self-employed agreed between Sánchez and Iglesias
Friday, September 7, 2018 @ 2:24 PM
Free school textbooks for low-income families, reduced IVA on basic products such as staple foods, and self-employed persons on less than the minimum wage being exempt from income tax retentions are among the agreements Spanish president Pedro Sánchez has reached with leader of left-wing Podemos, Pablo Iglesias.
Back from paternity leave and Parliament's month-long holiday now that his prematurely-born twins are out of danger, Iglesias made his first port of call a meeting with the president to discuss ways of reversing some of the cutbacks and financial pressures brought to bear by the previous PP-led government.
Both men agreed to cut IVA on basic necessities, although it is not yet clear whether this will involve reducing the 4% bottom rate or adding more goods and services to the 4% bracket which are currently in the 10% mid-band or 21% top-levels.
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