Tourism Spending Drives Record VAT Refunds

Spain is experiencing a surge in tourism spending, particularly driven by purchases made by tourists from outside the European Union. Recent data from the Spanish Tax Agency shows a record increase in VAT refunds for these travelers. In 2025, there were 10.6 million refunds, up 19.1% from the previous year, totaling 529 million euros, a 10.4% increase.

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