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New VAT Tax

Sep 01, 2012 | 09:03:36

Increase of Green Fee

This month, unfortunately, we have to start with unpleasant news for you: in the wake of its financial crisis and poor budget situation, the Spanish government  decided a few weeks ago to increase  the VAT rate for sports venues in Spain from 1st September from 8% to 21%. Despite strong protests from various sports associations, this is the new status quo. We ask for your understanding that the golf courses (as indeed most golf courses in Spain) is not able to absorb an increase of 13 percentage points on its own. We are forced, thus to pass on to our clients at least a part of this tax increase from 1st September