Cultural VAT to be cut to 10% in Spain
The cut in VAT for live shows, long campaigned for by the Spanish concert business, will be introduced in the 2017 budget, confirms culture minister Íñigo Méndez de Vigo
News By | 24 March 2017
In a move that will come as a relief to the Spanish live music industry, Spain’s minister for education, culture and sport, Íñigo Méndez de Vigo, has announced a cut in the rate of cultural value-added tax (VAT) to 10%.
The reduction confirms a manifesto promise by prime minister Mariano Rajoy’s People’s Party, which last September pledged to reduce VAT for live entertainment, or “cultural shows” (espectáculos culturales).
Cultural-sector VAT has stood at a record 21%…
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