Spain'S Value-Added Tax Rate Will Increase By 2 Percentage Points.
Spain
The value-added tax rate will increase by 2 percentage points.
The lowest tax rate (4%) has not been adjusted.
commodity
It includes bread, milk, eggs, books and newspapers, stationery, fruit and vegetables, government housing and medicine, etc. the median tax rate increased from 7% to 8%, including processed food, water, new housing, pportation, hotel and hotel, cultural performance tickets, hairdressing, decoration, contact lenses, etc. the general tax rate rose from 16% to 18%, including clothing, tobacco, wine, cosmetics, commercial real estate sales, automobiles, audio-visual discs, tickets for sports competitions, jewellery, etc.
The Spanish government expects to raise the value added tax rate by 5 billion 150 million euros in the next 12 months and 0.4 percentage points to the inflation rate.
Spain's value added tax was levied in 1986, when the tax rate was 12%. Then the tax rate was raised four times in January 1992 (13%), August 1992 (15%), January 1995 (16%) and July 2010 (18%).
Supplement:
India garment industry
We hope to provide assistance to Vietnamese enterprises by providing high-quality materials and technologies.
India's major cotton producers and exporters have conducted a week long visit to Vietnam aimed at developing new opportunities for cooperation. During the visit, India made the above statement.
VSValayuthum, President of India Cotton Textile Export Promotion Association, said that through the cooperation of garment companies, the two sides can be mutually beneficial.
Valayuthum believes that Vietnamese clothing enterprises should take part in relevant conferences, fairs and trade fairs, especially the India International Garment Fair held in India in February next year.
NguyenThiHongTin, head of Marketing Research Department of Vietnam National Textile and Garment Group, said that by the end of this year, Vietnam's clothing exports will reach 10 billion 500 million dollars.
Vietnam is one of the 10 largest textile and garment exporting countries in the world, but Vietnam has to buy most of its raw materials from overseas markets.
In the first 5 months of this year, Vietnam imported $3 billion 700 million worth of raw materials into the clothing and footwear industry, the office of comprehensive statistics of Vietnam reported.
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