The VAT on natural gas will receive a 21% VAT refund this Monday, although the price of the regulated rate will decrease

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The rate of last resort (TUR) for individual natural gas will decrease by an average of 3.05% from next Monday, April 1. Then the VAT will increase from 10 to 21%.

The rate of last resort (TUR) for individual natural gas will decrease by an average of 3.05% from next Monday, April 1, compared to the price in force since the previous revision on January 1, and VAT will be recovered at 21%, then remain at 10% as an anti-crisis measure.

The TUR of natural gas assessed quarterly on the 1st of the months of January, April, July and October of each year, being updated whenever the cost of the raw materials included in the tariff changes upwards or downwards by more than 2% compared to the value used in the tariff rate in force or, in any case, when new tolls or charges come into effect. Its value is made public in the BOE.

As for electricity, there will also be new gradual increases in the tax burden from April. So the special tax Electricity (IEE) will go from 2.5% to 3.8% from April 1 during this second quarter.

VAT on electricity returns to 21%, which will increase the average annual bill by 15%

Similarly, the Tax on the Value of Electrical Energy Production (IVPEE) will have a rate of 5.25% until June, up from the 3.5% it stood at until March.

At the end of last year, the Spanish government adopted a Royal Decree-Law that included the gradual recovery of electricity taxes (VAT, special tax on electricity and 7% on electricity revenues – and gas VAT), which the government had relaxed since 2021 to the effect of the energy crisis of the war in Ukraine.

Source: EITB

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