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I.V.A

I.V.A. is a tax that is charged on the supply, actual or notional, of certain goods and services in Spain.

In cases where the proprietor has elected to charge I.V.A. on their property, this tax will be payable by the tenant in addition to the rent paid for the demised premises.Currently levied at a rate of 16%, if the tenant is I.V.A. registered, in most cases they will be able to recover the amount charged from the Local Government Department.

This tax should therefore be comparatively neutral for most parties, except for the ultimate consumer.