Tuesday, July 03, 2012

MALLORCA TODAY - TUI issues threat over proposed IVA increase

TUI has indicated that it will revise its operations into Spain (i.e. reduce them) if the national government goes ahead with an increase in the rate of IVA (VAT) that would bring what is currently a reduced rate for the tourism sector of 8% in line with the general rate of 18%.

See more: Diario de Mallorca

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