Annually, Spanish companies lose about 1,000 million in IV tax deductions.

Annually, Spanish companies lose about 1,000 million in IV tax deductions.

Spanish companies could recover about 1,000 million euros a year in VAT on the 50,000 million that the Treasury collected in Spain with this tax in 2011. The figure is an estimate made by the firm specializing in cost optimization Lowendalmasaï, which has been part of a presentation made in Madrid to the members of