Daily Archives: July 17, 2012

The VAT on new houses will be 10% from 2013

Starting on January 1st, 2013, the VAT for new Spanish homes will rise from 10% from the current 4%. This is one of the new measures that the Government has adopted in order to increase revenue. Many basic products will have their VAT raised, as was begun in September 2012, but the Government has decided to keep the 4% VAT for Spanish properties this year, as scheduled.   The VAT is applie