This new regime will allow tax payers who import goods into Spain to defer their VAT payments until they file their VAT return, rather than paying the VAT due at the same time as the customs duties. Additionally, the VAT credit will be accounted for at the same time.Read More »
Tag: Spain
Spain – New real-time VAT reporting system from 2017
According to a recent announcement, the Spanish tax authorities (STA) plan to introduce a real time VAT-reporting system as from 2017.
The new system requires large taxpayers to provide the STA with information about the invoices they issue and receive.
But what means “large taxpayers”? The current definition includes business with a yearly turnover exceeding EUR 6 Million as well as VAT groups and businesses using the monthly Spanish VAT refund regime (REDEME). Read More »
Fighting the tax fraud – Portugal/Spain – Exchange of tax information/Portugal/Espanha – Troca de informação fiscal
On 21 October 2013, Portugal and Spain signed agreements regarding the strengthening of mutual assistance and automatic exchange of information on tax matters. These aim at fighting tax fraud and evasion and the parallel economy. The signed agreements refer to several potential fraudulent situations, including:Read More »
Spain – obligation to communicate with the Tax Authority by electronic means
Based on Royal Decree 1363/2010 which recently entered into force companies registered for VAT in Spain will be obliged to receive electronically notifications/communications issued by the Spanish Tax Authorities via a special and unique Electronic Address (hereinafter DEU) that will be granted by the Tax Administration to each company established or registered for VAT in Spain.Read More »
Salary satisfaction
I had always been satisfied with my salary. To say this aloud might be dangerous. Maybe it is considered as missing aspiration for more.
I always adapted my needs to my financial possibilities. With such philosophy it’s just easier to live. With 16 when packaging newspapers during the holidays, with 17 when I worked at a petrol station, with 18 as ice cream seller, with 20 as skiing instructor, with 30 as tax adviser I thought my salary was great and I was satisfied.Read More »
Risk of PE (permanent establishment) for VAT in Italy
A new minefield is created around fixed establishments for VAT purposes, even if there is an extensive case-law of the European Court of Justice to determine whether such an establishment exist or not. The main elements of this legal analysis were also embedded into the EU VAT Regulations, however, some of the member states tend to interpret now these rules more widely as before. Read More »
Spain – Increase of VAT rate as of 1 September 2012
The Spanish Prime Minister announced a rise as of 1 September 2012 of the standard VAT rate from 18% to 21% and of the reduced rate from 8% to 10%. The super-reduced rate remains at 4%.
Spain – increase of VAT rate in 2013
Spain will increase the VAT rate in 2013 from currently 18% to either 20% or 21%.
Permanent establishment for VAT in Spain
The Spanish VAT authorities have recently published several public consultations concerning different questions related to the interpretation of a permanent establishment for VAT. The new interpretation seems to differ to the previous legal position. In case that a company rents or owns a warehouse in Spain, there is a risk that this warehouse creates a permanent establishment from the Spanish VAT perspective and that the company therefore needs to charge VAT on its supplies of goods in Spain.
I would highly recommend that companies with (rented or owned) warehouses in Spain review their current situation in Spain very carefully in order to eliminate a potential risk, both from a VAT and direct tax point of view.
If you need further details please do not hesitate to contact me.
Michaela Merz 