MADRID: SPAIN has slashed the VAT rate on cultural events from 21% to 10%. It’s great news for theatre and music lovers, as the IVA decrease extends to concerts, plays, dance shows, bullfights and more.
However cinema tickets will still be subject to the 21% tax, a rate which will be reviewed when the government meets deficit targets in the future, according to Minister for Culture Inigo Mendez.
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