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VAT and withholding tax rates amendments

|Approved Changes|Spain
Spain

On 25 January 2014, the Official Gazette published Royal Decree-Law 1/2014, of 24 January 2014, approving certain economic measures on infrastructures and transportation matters. Further, the following tax measures were approved.

VAT
- Reduction of the tax rate, from 21% to 10%, on the imports of works of art, antiques and collectibles, as well as supplies and acquisitions of works of art, where such supply is ma…

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