Possible IVA reduction too little, too late according to Mallorca businesses

ST ELM: Baleares tourism needs to be able to compete on better terms Photo credit: CrazyD

NEWS that the central government is “open” to reducing IVA­­­­ value-added tax on tourism was coolly received in Baleares.
The announcement from Reyes Maroto, minister of Industry, Tourism and Commerce, arrived late and was prompted by the Covid-19 crisis, business associations CAEB and PIMEM claimed.
“It sounds good, but needs prudent analysis,” PIMEM president Jordi Mora told the Baleares media.
“We regard it as ill-timed awareness of tourism by a central government which has never shown it before,” Mora said, adding that tourism and tourist services IVA should have been lowered years ago.
“Then we could have competed with Turkey, Egypt or Greece on better terms.”

Thank you for taking the time to read this news article “Possible IVA reduction too little, too late according to Mallorca businesses.” For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Euro Weekly News is delighted to continue be able to bring you a range of News from around Spain in English and Global News live as it happens.
Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!
Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper.  We lead, others follow!

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Linda Hall

Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share? Then get in touch at [email protected]


    Leave a comment

    Your email address will not be published.