Increase in VAT rates

Good afternoon,

According to current information, we notify you that by next September 1, VAT will be amended as follows:

18% -> 21%
8% -> 10%
4% -> 4%

We keep them informed on leaving the BOE on our website www.gafic.com.

Effective September 1, 2012:
General: 21%
Reduced: 10%
Superreducido: 4%

TYPES OF CHARGE EQUIVALENT

Effective September 1, 2012, the applicable rates are:

The 5.2 per 100, generally.
The 1.4 per 100, for the supply of goods to that applying the reduced rate of 10%.
The 0.5 per 100, for the supply of goods to come within super-reduced rate of 4%.
The 1.75 per 100, for the supply of goods under excise duty on manufactured snuff.

regards,

Gabinet d’Assessorament Fiscal I Comptable, GAFIC, S.L.P.
www.gafic.com