Golf Asks to Lower VAT to 10% and Maintains that Tourism Would Compensate for the Reduction

El Confidencial

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Spanish golf wants to return to a reduced VAT rate of 10%, compared to the 21% it pays since 2012, and has commissioned a study to show that the reduction would not have to cost Treasury money. The Royal Spanish Golf Federation (RFEG) and the Spanish Association of Golf Courses (AECG) have presented this Friday, coinciding with the Open of Spain, a report prepared by EY that estimates that the initial loss of tax revenue would be offset by a gre…