Regulatory Alerts2024-06-27
Royal Decree-Law 4/2024, of June 26, extending measures to address economic and social consequences of conflicts in Ukraine and the Middle East and adopting urgent fiscal, energy, and social measures
The Spanish State issued Royal Decree-Law 4/2024 to extend temporary fiscal measures, including reduced VAT rates on food and increased income tax thresholds, to protect vulnerable populations from inflation. The decree also prolongs energy support mechanisms and adjusts public sector salaries to comply with existing agreements, while reinforcing tax incentives for electric vehicle investments. These actions aim to mitigate the ongoing economic impact of geopolitical conflicts and drought while maintaining public finance sustainability.
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