Tuesday, September 27, 2022

The Treasury has “separately” reduced VAT on sanitary equipment

Maria Jesus Monteiro, Minister of Finance and Public Administration.

industry of sanitation technology One of its main demands is permanent VAT reduction for their products, considering them as basic goods. even though The European Union put zero VAT on the table for these teams, basically due to the current supply crisis, Spain has not made any changes in its rules in this regard.

The current global supply crisis is limiting the availability of raw materials and electronic componentsIt also caused an unexpected and unprecedented increase in the cost of raw materials, energy, logistics/transportation chain and labor. A condition that directly affects the medical device area, so it is urgently needed VAT permanently reduced.

Spanish Federation of Healthcare Technology Companies (Fenin) He does not give up on this effort and has repeatedly requested the Ministry of Finance for this measure, as well as a ‘shock plan’ that guarantees patients and healthcare professionals access to quality health technology. Although the department he leads Maria Jesus Monteiro have explained to medical writing that the proposal “has to be analyzed” within the framework of the entire tax system”.

“So, cannot be considered in isolation“, adds up Treasure. Also remember that last March White paper of the committee of experts to reform the tax system. “It must be remembered that the purpose of the Committee of Experts was to make a detailed analysis of the set of reforms that were to be carried out in one go. Extended periods of time (short, medium and long term) To modernize the Spanish tax system and adapt it to the needs of the 21st century”.

In this sense the Minister emphasized in the presentation that the report of the Committee does not presume that it is a study of the Ministry, but a group of experts, Therefore, it does not presuppose the measures that the government will adopt, in which, in any case, they will always take into account economic reality. This indicates that currently Government studying measures Which can be adopted “when the time comes”.


System saving when health VAT is reduced

Fanin considers it a priority to execute Quick transfers in Spain that allows the introduction of a lower VAT rate For all medical devices. According to estimates from the Sanitary Technology Employers’ Association, the measure would generate ” Savings of over EUR 1,000 million which will allow greater availability of resources for health services of autonomous communities improving healthcare”,

Thus, this budget item can be used, for example, making investments that allow technological innovations to be incorporated Which improves the efficiency of processes–also reducing the environmental impact of healthcare activity–reducing waiting lists, reducing current levels of technological obsolescence in hospitals and health centers. currently in development beyond planninge.t.c.

Nearly four months have passed since the publication of the European Directive allowing national governments to establish Low and zero VAT rates on certain products and services that satisfy fundamental needs.

While it may include statements, data or notes from health institutions or professionals, the information contained in medical writing is edited and prepared by journalists. We advise the reader to consult a health professional on any health-related questions.

Nation World News Desk
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