Iminent Increase of VAT in The Canary Islands

[Johnrgby]

I had an Email this morning from my electricity supplier, informing me that my Bill for January will be late due to an imminent increase of VAT in the Canary Islands,  anyone else heard anything about it?

[Sam]

The IGIC (VAT in the Canary Islands) will increase back to 7%. Current rate is 6.5%, reduced at the beginning of this year and the Canary government decided to change it again. So the new I.G.I.C. (IMPUESTO GENERAL INDIRECTO CANARIO), starting right after the New Year's Eve celebration, will be 7%.

[Johnrgby]

Thanks, Sam I never realised it had decreased in the first place , that is going to increase my average bill by about 36 cents, Management will have to cut back on her hairdressing appointments

[Jason W]

Ouch! Thought the cut was originally aimed at cutting costs for tourists to address the slump in visitor numbers, never really bought into that argument. Seems a waste of time all round as admin costs to all the businesses must start to add up, except those that never passed the savings on of course.

[Spitfire58]

Thanks, Sam I never realised it had decreased in the first place , that is going to increase my average bill by about 36 cents, Management will have to cut back on her hairdressing appointments

🤣😂🤣😂 Nice one John !!