MALLORCA TODAY - Partido Popular would cut hotel IVA

José Ramón Bauzá, the leader of the Partido Popular in the Balearics, has said that if his party were to win the national elections in 2012, it would cut the rate of IVA (VAT), as it applies to hotels, from 8% to 4%. The rate of IVA for this sector went up on 1 July 2010 from 7%, while the general rate increased by two points to 18%.