Spanish promoters welcome cultural VAT cut
APM president Albert Salmerón has hailed the long campaigned-for cut in VAT on live entertainment – but warns it still doesn't go far enough
News By | 29 June 2017
The Spanish government has made good on its pledge to cut value-added tax (VAT) on live entertainment to 10%, in a move welcomed by a relieved Association of Music Promoters (APM).
VAT on “cultural shows” (espectáculos culturales) has stood at 21% since September 2012, when prime minister Mariano Rajoy increased the tax, which previously stood at 8%, in an effort to plug a hole in Spain’s public finances. The tax hike was catastrophic for the Spanish live industry: revenue from…
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