TAX on cultural events slashed by 11% in Spain

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.